factual

Does the Anago Guarantor waive presentment or protest of any instrument and notice thereof?

Anago Franchise · 2025 FDD

Answer from 2025 FDD Document

  • c. presentment or protest of any instrument and notice thereof; and notice of default or intent to accelerate with respect to the indebtedness or nonperformance of any of the Obligations;

Source: Item 23 — RECEIPTS (FDD pages 62–298)

What This Means (2025 FDD)

According to Anago's 2025 Franchise Disclosure Document, the Guarantor does waive presentment or protest of any instrument and notice thereof. This waiver is part of a broader set of waivers the Guarantor makes to ensure the enforceability of the guaranty.

Specifically, the Guarantor waives acceptance and notice of acceptance by Anago of the Guaranty, notice of demand for payment of any indebtedness or nonperformance by the Subfranchisor, and notice of default or intent to accelerate with respect to the indebtedness or nonperformance of any of the Obligations.

This means that Anago is not required to formally present any instrument for payment or provide notice of protest if payment is not made. This waiver simplifies the process for Anago to pursue its rights under the guaranty in case of default by the Subfranchisor. The guarantor gives up certain rights that would otherwise protect them from liability.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.