For the Hardees franchise agreement, what information must be provided for each guarantor?

Based on the 2025 Hardees Franchise Disclosure Document, if a franchisee's obligations are guaranteed, the guarantors must be identified in the Renewal Addendum to the Hardee's Restaurant Franchise Agreement. This addendum is entered into simultaneously with the Franchise Agreement between Hardee's Restaurants LLC (HR) and the franchisee. The document specifically mentions that the addendum is between HR, the franchisee, and the guarantors, collectively.

The Renewal Addendum indicates that those individuals identified as "Guarantors" have guaranteed the franchisee's obligations under the Franchise Agreement. This implies that the names of the guarantors are explicitly stated within the addendum itself. The purpose of the addendum is to modify certain provisions of the Franchise Agreement, with all parties (HR, franchisee, and guarantors) agreeing to the modifications.

In practical terms, this means that if a prospective Hardees franchisee requires a guarantor to secure the franchise agreement, the identity of that guarantor will be formally documented in the Renewal Addendum. This ensures that all parties are aware of who is providing the guarantee and that the guarantor is legally bound to the obligations outlined in the agreement. Prospective franchisees should ensure that all guarantors are fully aware of their responsibilities and have carefully reviewed the Franchise Agreement and Renewal Addendum before signing.