What is the date format for the Browns Chicken Franchise Agreement referenced in the Guaranty?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GUARANTY AND ASSUMPTION OF OBLIGATIONS is given this day of , 20, by |
|---|
| of |
| 1. |
| In consideration of, and to induce BROWN'S CHICKEN, LLC (the "Company") to enter |
| into a franchise agreement dated, 20 (the "Franchise Agreement"), with |
| ("Franchisee"), each of the undersigned hereby |
| personally and unconditionally (a) guarantees to the Company, and its successors and assigns, |
| for the term of the Agreement and thereafter as provided in the Agreement, that the Franchisee |
| shall punctually pay and perform each and every undertaking, agreement and covenant set forth |
| in the Agreement; and (b) agrees to be personally bound by, and personally liable for the breach |
| of, each and every provision in the Agreement, both monetary obligations and obligations to take |
| or refrain from taking specific actions or to engage or refrain from engaging in specific activities, |
| including without limitation the provisions of Sections 15, 17, and 21 (all of which shall be |
| referred to as the "Obligations"). |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the Guaranty agreement references the Franchise Agreement's date using the format "day of , 20". This indicates that the specific day is written out (e.g., "1st", "2nd", "3rd", etc.), followed by "of", then the month, and finally the year.
For a prospective Browns Chicken franchisee, this means that any document referencing the Franchise Agreement within the Guaranty should follow this specific date format. It is important to pay attention to this format when reviewing legal documents to ensure accuracy and consistency.
While this format is not uncommon in legal agreements, franchisees should ensure they understand the implications of all dates and deadlines within the Franchise Agreement and related documents. Consulting with a legal professional is advisable to fully comprehend the obligations and rights associated with these agreements.