Under what condition does the Buona Guaranty continue?

Based on the 2025 Buona Franchise Disclosure Document, the agreement to develop Buona restaurants must be personally guaranteed by the owners.

The FDD states that the terms and conditions of the agreement are contingent upon the franchisee being in full compliance with the Development Schedule. The franchisee must continuously maintain in operation at least the number of Buona Restaurants set forth in the Development Schedule after the opening of each restaurant. The owners must also maintain majority control over the entity that owns each Buona franchise developed.

If the franchisee fails to meet deadlines in the Development Schedule, fails to comply with any term or condition of the agreement, attempts to transfer, sell, or assign the agreement in violation of its terms, or defaults under any individual Franchise Agreement, it constitutes a default under the Development Agreement. Upon such default, Buona may terminate the agreement, reduce the number of restaurants the franchisee can establish, or exercise other legal remedies.