What is the condition for the execution of the Floyds 99 Maryland Rider?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| written. | | | IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Maryland | | | | Rider concurrently with the execution of the Development Agreement on the day and year first above | | | | FLOYD'S 99 FRANCHISING, LLC | DEVELOPER (Print Name) | | By: | | | By: | | Title: | | | Title: |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Maryland Rider to the Development Agreement is executed concurrently with the execution of the Development Agreement. This means that the rider must be signed and delivered at the same time as the main Development Agreement to be considered valid and effective.
This concurrent execution ensures that all parties are aware of and agree to the specific modifications and stipulations outlined in the Maryland Rider from the outset of their business relationship. These stipulations address aspects of Maryland Franchise Registration and Disclosure Law.
For a prospective Floyds 99 developer in Maryland, this condition highlights the importance of carefully reviewing and understanding both the Development Agreement and the Maryland Rider before signing. It also emphasizes the need to ensure that both documents are properly executed at the same time to avoid any potential legal complications or disputes later on.