factual

In the Churchs Chicken Guaranty Agreement, what state should the Guarantor be a resident of?

Churchs_Chicken Franchise · 2025 FDD

Answer from 2025 FDD Document

THIS GUARANTY AGREEMENT (this "Guaranty") is made as of the day of , 20, by , an individual, resident of the State of
(hereinafter
referred
to
as
the
"Guarantor"),
in
favor
of
CAJUN
REALTY
LLC,
a
Delaware
limited
liability
company
(the
"Sublessor"),
and
its
successors
and
assigns.
RECITALS

Source: Item 23 — RECEIPT (FDD pages 68–406)

What This Means (2025 FDD)

According to Churchs Chicken's 2025 Franchise Disclosure Document, the Guaranty Agreement specifies that the guarantor should be a resident of a particular state, as indicated in the agreement's introductory section. The agreement is made as of a specific date by an individual identified as the Guarantor, who must be a resident of a specific state.

This residency requirement is a standard legal practice to establish jurisdiction and ensure the enforceability of the Guaranty Agreement. It means that the person signing the guaranty must be legally residing in the state indicated on the agreement. This detail is crucial because it determines which state's laws govern the agreement and where legal proceedings, if necessary, would take place.

Prospective Churchs Chicken franchisees should pay close attention to this detail when reviewing the Guaranty Agreement. Ensuring that the guarantor meets the residency requirement is essential for the validity and enforceability of the agreement. Franchisees should consult with a legal professional to confirm compliance and understand the implications of this requirement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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