What does the guarantor waive regarding acceptance of obligations under the Hydrodog Guaranty?

According to Hydrodog's 2025 Franchise Disclosure Document, the guarantor waives acceptance and notice of acceptance by Hydrodog of the guarantor's obligations under the Guaranty. This means that the guarantor is bound by the terms of the guaranty immediately upon signing, without needing any further confirmation or acceptance from Hydrodog.

This waiver is significant because it streamlines the process and ensures that the guaranty is effective immediately. The guarantor cannot later claim that they were not aware of their obligations or that Hydrodog did not formally accept the guaranty. This provides Hydrodog with a more secure and enforceable guarantee.

In practical terms, a prospective Hydrodog franchisee should carefully review the Principal Owner's Guaranty form (Exhibit B) to fully understand the obligations they are undertaking. They should also seek legal counsel to ensure they understand the implications of waiving acceptance and notice of acceptance. This is a standard practice in franchising, as franchisors seek to ensure that the obligations of the franchisee are fully guaranteed by the principal owners.