Does the Angry Chickz Continuing Guaranty cover obligations that are now existing?

According to the 2025 Angry Chickz Franchise Disclosure Document, the Continuing Guaranty agreement includes the possibility that the franchisee will contract for additional obligations and indebtedness for which the guarantor may be liable. The guarantor knowingly accepts the full range of risk within the contract, implying coverage for both current and future obligations.

Specifically, the guarantor represents and warrants awareness of the franchisee's financial condition and confirms the guaranty is based on their independent investigation. The guarantor also waives any duty of Angry Chickz to disclose facts about the franchisee, even if those facts increase the risk to the guarantor. This indicates that the guarantor is responsible for assessing the franchisee's current financial state and potential future liabilities.

Furthermore, the guarantor waives several notices and defenses, including those related to the existence, creation, payment, or nonpayment of obligations. This waiver reinforces the guarantor's commitment to cover obligations, regardless of when they arise. The guarantor also subordinates any debts owed by the franchisee to the guarantor, ensuring Angry Chickz receives payment first. This comprehensive set of waivers and acknowledgments suggests that the Continuing Guaranty is designed to cover a wide range of existing and future financial obligations of the franchisee.