What is the condition for modifications of the Floyds 99 agreement to be effective?

According to the 2025 Floyds 99 Franchise Disclosure Document, any amendment, modification, or termination of the lease requires the prior written consent of the Assignee. This provision is part of an agreement where the Assignor (likely the original tenant or a previous franchisee) and the Landlord agree not to alter the lease terms without the Assignee's approval.

For a prospective Floyds 99 franchisee, this means that if the lease for their shop location is subject to such an agreement, they, as the potential Assignee, hold a degree of control over lease modifications. This protects the franchisee's interests by ensuring that critical lease terms cannot be changed without their explicit consent. This condition provides a safeguard against potentially unfavorable changes to the lease that could impact the franchisee's business operations or financial obligations.

This type of clause is relatively common in franchise agreements, particularly when the franchisor or a related entity is involved in the lease negotiation or assignment process. It ensures that all parties are aligned on the lease terms and that no unilateral changes can be made that would negatively affect the franchisee or the overall brand. Franchisees should carefully review any lease agreements and related documents to understand their rights and obligations regarding lease modifications.