Is the Buildingstars guaranty continuing and irrevocable during the term of the Franchise Agreement?

According to Buildingstars's 2025 Franchise Disclosure Document, the guaranty provided by the guarantors is designed to be continuing and irrevocable throughout the term of the Franchise Agreement. This means that the obligations of the guarantor remain in effect for the entire duration of the agreement, regardless of any changes or modifications that may occur.

Specifically, the guaranty is not affected by any extension of time, credit, or indulgence that Buildingstars may grant to the franchisee or any other person. It also remains valid even if Buildingstars accepts partial payments or performance, or compromises or releases any claims. These actions do not modify or amend the guaranty in any way.

This provision ensures that Buildingstars has a consistent and reliable form of security for the franchisee's obligations. For a potential Buildingstars franchisee, this implies that anyone acting as a guarantor must understand that their commitment is firm and will last for the entire term of the agreement. They cannot easily withdraw from their obligations, and any actions taken by Buildingstars to work with the franchisee will not diminish the guarantor's responsibility.