What is the significance of the date in the Anago Personal Guaranty form?

According to Anago's 2025 Franchise Disclosure Document, the date on the Personal Guaranty form signifies when the guarantor is executing the agreement. By signing and dating the form, the guarantor acknowledges and consents to the terms of the guaranty, binding them to the obligations outlined within. This includes the guarantor's agreement to be personally bound by and liable for any breaches of the Unit Franchise Agreement or any other Anago Agreements by the franchisee. The guarantor also consents to the assets of the marital estate being bound to the guarantor's performance of the guaranty.

The guarantor is essentially agreeing to cover the debts, liabilities, and obligations of the Anago franchisee to the subfranchisor, including costs of collection and attorney's fees, should the franchisee fail to meet their obligations. The guarantor waives several rights, including the right to require action against the franchisee first, defenses related to irregularities in the obligations, and certain notices. This means the guarantor's responsibility is direct and immediate under the terms of the guaranty.

The Personal Guaranty remains in effect during any extensions, modifications, or amendments to the Unit Franchise Agreement or other Anago Agreements. The guarantor's liability is not affected by any leniency the subfranchisor may grant to the franchisee. Furthermore, any debts the franchisee owes to the guarantor are subordinated to the franchisee's obligations to the subfranchisor. The guarantor also agrees to submit to arbitration for any disputes related to the Guaranty, following the arbitration terms outlined in the Unit Franchise Agreement. The date, therefore, marks the commencement of these legally binding commitments by the guarantor.