Which exhibit to the Anago Subfranchise Agreement pertains to the personal guaranty obligation?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
ns in these agreements and in other items of this disclosure document.**
| Obligation | Section In Agreement* | Disclosure Document Item |
|---|
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 26–27)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Exhibit III to the Anago Subfranchise Agreement pertains to the personal guaranty. This information is found within Item 9, which outlines the franchisee's obligations.
The personal guaranty is listed as one of the franchisee's obligations, and the corresponding section in the agreement is identified as Exhibit III. This exhibit is further referenced in Item 15 of the disclosure document. A personal guarantee typically means that the franchisee is personally liable for the financial obligations of the franchise, which could include debts, leases, and other liabilities.
Prospective Anago franchisees should carefully review Exhibit III and Item 15 to fully understand the scope and implications of the personal guaranty. It is advisable to seek legal counsel to assess the risks and obligations associated with providing a personal guarantee, as it can have significant financial consequences for the franchisee's personal assets and credit.