What notices does the guarantor waive in the Browns Chicken Guaranty and Assumption of Obligations?

According to Browns Chicken's 2025 Franchise Disclosure Document, the guarantor waives several notices related to the obligations guaranteed. Specifically, the guarantor waives acceptance and notice of acceptance by Browns Chicken of the undertakings, notice of demand for payment of any debt or nonperformance of any obligations guaranteed, and protest and notice of default to any party regarding the guaranteed debt or nonperformance.

In addition, the guarantor waives any right to require that an action be brought against the franchisee or any other person as a condition of liability. They also waive any and all other notices and legal or equitable defenses to which they may be entitled. Finally, the guarantor waives any right to disclosures from Browns Chicken regarding the financial condition of the franchisee or any other guarantor of the franchisee.

This means that if you act as a guarantor for a Browns Chicken franchise, you are giving up certain rights to be informed about the franchisee's financial situation and any defaults on their obligations. Browns Chicken is not obligated to keep you informed or pursue the franchisee before seeking payment or performance from you directly. This arrangement is designed to protect Browns Chicken's interests by streamlining the process of recovering debts or ensuring obligations are met, but it places a greater responsibility and risk on the guarantor.