In the agreement involving Annex Brands, what section immediately follows the specification of the effective date?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
SONAL GUARANTEE
| As an inducement to Annex Brands, Inc., a California corporation ("Franchisor"), to enter into that certain franchise agreement with an effective date of ("Agreement") by and between Franchisor and |
|---|
| ("Franchisee"), I/we, as personal guarantor(s) (each a "Guarantor"), jointly and severally, |
| absolutely and unequivocally, personally guarantee the performance by Franchisee of all |
| obligations of Franchisee to Franchisor under, or arising out of, the Agreement, and all other |
| agreements signed between Franchisor or any of Franchisor's affiliates ("Other Agreements"), and |
| agree to perform those obligations should Franchisee be unable to perform. The obligations |
| assumed under this Continuing Personal Guarantee are not transferable. |
| Should the time or manner of payment of any amounts owed by Franchisee to Franchisor |
| or any of Franchisor's affiliates change or should any obligation of Franchisee to Franchisor or |
| any of Franchisor's affiliates be modified, such action will not affect the liabilities of Guarantor in |
| any manner. |
| Guarantor agrees to become bound by, and participate in, any judicial proceedings or |
| arbitration proceedings brought by Franchisor or any of Franchisor's affiliates to enforce the |
| Agreement or Other Agreements and this Continuing Personal Guarantee. |
| Guarantor will pay reasonable attorneys' fees and all other costs and expenses, which may |
| be incurred by Franchisor or any of Franchisor's affiliates through appeal in the enforcement of |
| this Continuing Personal Guarantee. |
| This is a continuing personal guarantee and it will remain in full force until all obligations |
| of Franchisee to Franchisor under the Agreement or Other Agreements are fully performed. |
| Should any one or more provisions of this Continuing Personal Guarantee be determined |
| to be illegal or unenforceable, all other provisions will nevertheless remain effective. |
| This Continuing Personal Guarantee will inure to the benefit of Franchisor, its affiliates, |
| its successors and assigns, and is intended to bind Guarantor and his/her/their heirs, executors, |
| administrators, successors and assigns. |
| Guarantor, having received a true copy of this Continuing Personal Guarantee, hereby |
| agrees to be bound by its terms. |
| Dated: |
| at |
| (City/State) |
| (Guarantor): |
| (Guarantor): |
| (Guarantor): |
(Guarantor):
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Attachment 3
DESIGNATION OF BRAND, CENTER TYPE, APPROVED LOCATION AND PROTECTED AREA
| Subsection 2.A – Brand: | |-------------------------------------------------------------------------------------
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to the 2025 FDD, the section immediately following the specification of the effective date in the franchise agreement with Annex Brands involves a personal guarantee. Specifically, it outlines that as an inducement for Annex Brands to enter into the franchise agreement, the guarantor(s) personally guarantee the franchisee's performance of all obligations to Annex Brands. This guarantee extends to all agreements signed between the franchisee and Annex Brands or its affiliates.
This section clarifies that the guarantor's obligations are not transferable and that any changes to payment terms or modifications of the franchisee's obligations will not affect the guarantor's liabilities. The guarantor also agrees to participate in any legal or arbitration proceedings brought by Annex Brands to enforce the agreement or the personal guarantee. Furthermore, the guarantor is responsible for covering reasonable attorney's fees and other expenses incurred by Annex Brands in enforcing the guarantee.
This personal guarantee remains in full effect until all of the franchisee's obligations to Annex Brands are completely fulfilled. The guarantee benefits Annex Brands, its affiliates, successors, and assigns, and it binds the guarantor and their heirs. The document also states that the guarantor acknowledges receiving a copy of the Continuing Personal Guarantee and agrees to be bound by its terms.