What legal rights does a Beverly Anns Cookie franchisee waive when financing through Eagle?

According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, a franchisee who obtains financing through Eagle waives specific legal rights. The franchisee is required to sign a commercial promissory note that includes waiving the right to a trial by jury. Additionally, the franchisee waives the right to raise any defense, set-off, or counterclaim.

Furthermore, the franchisee also waives demand, presentment, protest, notice of dishonor, notice of protest, notice of default, and all suretyship defenses. This means that Beverly Anns Cookie franchisees give up certain legal protections they would normally have in the event of a dispute or default on the loan. These waivers are significant and could limit the franchisee's ability to challenge Eagle's actions in court or assert certain defenses.

These waivers are standard practice in many financing agreements, but it is crucial for a prospective Beverly Anns Cookie franchisee to fully understand the implications before signing any financing documents. It is recommended that franchisees seek legal counsel to review these documents and understand the rights they are giving up. Understanding these waivers is essential for making an informed decision about financing the franchise.