What specific notices are waived by Caring Senior Service Guarantors?

According to Caring Senior Service's 2025 Franchise Disclosure Document, guarantors waive several rights and notices related to the indebtedness. Specifically, guarantors waive all presentments, demands for performance, notices of non-performance, protests, notices of protest, notices of dishonor, and notices of acceptance of the Guaranty. This waiver extends to the existence, creation, or incurring of new or additional Indebtedness.

In practical terms, this means that if a franchisee's loan or financial obligation is guaranteed, the guarantor will not receive formal notifications about the status of the debt. They won't be notified if the borrower fails to perform, if there are protests related to non-payment, or if the debt is dishonored. The guarantor also won't receive notice when the guarantee is accepted or when new debt is incurred.

This arrangement places a significant responsibility on the guarantor, as they are essentially agreeing to be liable for the debt without the right to receive standard notifications about its status. A prospective Caring Senior Service franchisee should carefully consider the implications of providing a guarantee, as they could be held responsible for substantial debt without regular updates or warnings. It is advisable to seek legal counsel to fully understand the scope and potential risks associated with these waivers before signing any guarantee agreement.