What specific waivers are included in the Browns Chicken Sublease 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)
Based on the 2025 Browns Chicken Franchise Disclosure Document, the guarantor personally and unconditionally guarantees that the franchisee will fulfill every commitment outlined in the Franchise Agreement for its entire duration and beyond, as specified in the agreement.
The guarantor also agrees to be personally bound by and liable for any breaches of the agreement. This includes both monetary obligations and the responsibility to take or avoid specific actions or activities, particularly those detailed in Sections 15, 17, and 21 of the Franchise Agreement. These sections are collectively referred to as the "Obligations."
This comprehensive guarantee ensures that Browns Chicken can seek recourse directly from the guarantor for any failures or breaches by the franchisee, providing an additional layer of security for Browns Chicken. Prospective franchisees should carefully review Sections 15, 17, and 21 of the Franchise Agreement to fully understand the scope of the obligations being guaranteed and the potential liabilities for the guarantor.