Who are the parties that must agree to the terms outlined in the Angry Chickz Guaranty of Obligations?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| 14. Entire Agreement. This Continuing Guaranty contains the complete understanding of the parties |
|---|
| hereto with respect to the subject matter herein. Guarantor acknowledges that Guarantor is not relying upon |
| any statements or representations of Franchisor not contained in this Continuing Guaranty and that such |
| statements or representations, if any, are of no force or effect and are fully superseded by this Continuing |
| Guaranty. |
| This Continuing Guaranty may only be modified by a writing executed by Guarantor and |
| Franchisor. |
| IN WITNESS WHEREOF, Guarantor has executed this Continuing Guaranty this day of |
| , 20 |
| "Guarantor" |
| Accepted and agreed: |
| ANGRY CHICKZ FRANCHISING LLC, |
| a California limited liability company |
| By: |
| Name: |
| Title: |
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, the parties that must agree to the terms outlined in the Continuing Guaranty are the Guarantor and Angry Chickz Franchising LLC, referred to as the Franchisor. The Guarantor acknowledges that they are not relying on any statements or representations from Angry Chickz not included in the Continuing Guaranty. Any modifications to the guaranty must be in writing and executed by both the Guarantor and Angry Chickz.
The Continuing Guaranty outlines several obligations and conditions. The Guarantor subordinates any debts owed by the franchisee to them, ensuring Angry Chickz receives payment of all obligations first. The Guarantor also agrees to comply with non-competition, confidentiality, and arbitration terms as if they were a direct obligation of the Guarantor. Angry Chickz retains the right to assign or transfer any obligations without notifying the Guarantor, and the assignee or transferee benefits from the guaranty.
The guaranty is binding on the successors and assigns of Angry Chickz and the Guarantor. If there is more than one Guarantor, their obligations are joint and several. The document is governed by California law. The Guarantor acknowledges they have had the opportunity to obtain advice from counsel. This agreement ensures that Angry Chickz has recourse beyond the franchisee to secure financial and operational commitments, while also binding the guarantor to key aspects of the franchise agreement, such as non-competition and confidentiality.