What exhibit in the Angry Chickz FDD contains the Continuing Guaranty agreement?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit D
Continuing Guaranty
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 38–39)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, the Continuing Guaranty agreement is included as Exhibit D. Item 22 of the FDD lists all contracts included in the document, and Exhibit D is specifically identified as the Continuing Guaranty.
The Continuing Guaranty is a legally binding document where a guarantor agrees to be responsible for the debts and obligations of the franchisee. This means that if the franchisee fails to meet their financial or contractual obligations to Angry Chickz, the guarantor will be held liable.
Prospective Angry Chickz franchisees should carefully review the Continuing Guaranty with their legal and financial advisors to fully understand the implications and potential risks before signing the agreement. Understanding the conditions under which the guaranty can be invoked and the extent of the guarantor's liability is crucial.