Under the Anago Guaranty, what is the duration of the Guaranty?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
sfer or recovery had not been made;
- e. You will render any payment or performance required under the Unit Franchise Agreement and/or any of the Anago Agreements upon demand if UNIT FRANCHISEE fails or refuses punctually to do so;
- f. Your liability hereunder will be construed as an absolute, unconditional, continuing and unlimited obligation without regard to the regularity, validity or enforceability of any of the Obligations, and without regard to 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;
- g. Your liability hereunder will not be contingent or conditioned upon SUBFRANCHISOR's pursuit of any remedies against UNIT FRANCHISEE or any other person;
- h. This Guaranty will continue in full force and effect for and as to any extension of or modification or amendment to the Unit Franchise Agreement and/or any other of the Anago Agreements and You waive notice of any and all such extensions, modifications or amendments;
- i.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the Guaranty remains effective for any extensions, modifications, or amendments to the Unit Franchise Agreement or any other Anago Agreements. The guarantor waives any notice of these changes.
The Guaranty remains continuing and irrevocable during the term of the Unit Franchise Agreement. It extends as long as any performance is or may be owed under any of the Anago Agreements by the Unit Franchisee or its owners. The Guaranty also lasts as long as Anago may have any cause of action against the Unit Franchisee or its owners.
This means that the guarantor's obligations are tied to the entire duration of the franchise relationship and any potential liabilities that may arise, offering Anago long-term security. The guarantor cannot revoke the guaranty during the term.