Does the Anago Guarantor waive notice of any extensions, modifications, or amendments to the Franchise Agreement?

According to Anago's 2025 Franchise Disclosure Document, the Guarantor does waive notice of any extensions, modifications, or amendments to the Franchise Agreement. This waiver is part of the Guaranty agreement, which ensures the obligations of the franchisee are met. The guarantor's agreement remains in effect even if there are changes to the Franchise Agreement or other related Anago Agreements.

This means that as a guarantor, you will not receive specific notifications each time the agreement is altered or extended. It is your responsibility to stay informed about the terms of the agreement and any changes that may occur. This waiver is designed to streamline the process and allow Anago to make necessary adjustments without requiring individual consent from each guarantor for every change.

The guarantor's liability is construed as absolute, unconditional, continuing, and unlimited. This is irrespective of the validity or enforceability of the obligations, or whether any obligation is limited, modified, voided, released, or discharged in any proceeding under the United States Bankruptcy Code or any similar law affecting the rights of creditors generally. The guarantor's liability is not contingent upon Anago pursuing remedies against the franchisee or any other person.

This comprehensive waiver and the nature of the guaranty have significant implications for anyone considering acting as a guarantor for an Anago franchise. It is crucial to fully understand the scope of the obligations and potential liabilities before signing the Guaranty agreement. Prospective guarantors should seek legal counsel to fully understand the risks involved.