What happens if an Angry Chickz Developer defaults on any other agreement with the company?

According to the 2025 Angry Chickz Franchise Disclosure Document, if a Developer (or any Affiliate of Developer) defaults on any other agreement with Angry Chickz (or any Affiliate of Company), including any Franchise Agreement executed pursuant to the Development Agreement, it is considered an event of default.

This means that if an Angry Chickz developer has multiple agreements with the company, such as a Development Agreement and one or more Franchise Agreements, a default in any one of those agreements constitutes a default under the Development Agreement. This could occur if the developer fails to meet the obligations outlined in any of their agreements with Angry Chickz.

The consequences of default are serious. Defaulting on an agreement with Angry Chickz can lead to termination of the Development Agreement, potentially resulting in the loss of development rights for the area. This clause underscores the importance of fulfilling all obligations under every agreement with Angry Chickz to maintain good standing and avoid losing the franchise investment.