According to the Embassy Suites Guaranty, what does the Guaranty supersede?
Embassy_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
- (i) This Guaranty embodies the entire agreement between Franchisor and Guarantor with respect to the matters set forth in this Guaranty and supersedes all prior agreements with respect to the matters set forth in this Guaranty.
Source: Item 22 — CONTRACTS (FDD page 97)
What This Means (2025 FDD)
According to the 2025 Embassy Suites Franchise Disclosure Document, the Guaranty embodies the entire agreement between the franchisor and guarantor regarding the matters detailed within the Guaranty. Specifically, the Guaranty supersedes all prior agreements related to the matters outlined within it.
For a prospective Embassy Suites franchisee, this means that any previous discussions, understandings, or agreements made prior to the execution of the Guaranty are not legally binding if they contradict or are not included in the Guaranty. The Guaranty serves as the final and complete agreement on the specific issues it addresses.
This clause is important for ensuring clarity and preventing disputes based on prior informal agreements. Franchisees and guarantors should carefully review the Guaranty to ensure it accurately reflects their understanding of the obligations and responsibilities, as it will take precedence over any earlier communications or documents.