What is the date referenced as 'Developer is dated, 20' in the Floyds 99 agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
ur rights upon Termination and Non-Renewal are set forth in Sections 19 and 20 of the Illinois Franchise Disclosure Act.
In conformance with Section 41 of the Illinois Franchise Disclosure Act, any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.
Franchise Acknowledgment / Compliance Certification:
No statement, questionnaire, or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
RIDER TO THE FLOYD'S 99 FRANCHISING, LLC DEVELOPMENT AGREEMENT FOR THE STATE OF ILLINOIS
| Developer is dated, 20 | This Rider to the Development Agreement by and between Floyd's 99 Franchising, LLC and |
|---|---|
| 1. | Section 13.4 is deleted in its entirety and the following is substituted in its place: |
| 13.4 seq.), or other federal law, Illinois law governs this Agreement. | Governing Law/Consent to Venue and Jurisdiction. Except to the extent governed by the United States Trademark Act of 1946 (Lanham Act, 15 U.S.C. Sections 1051 et |
| 2. |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the date referenced as 'Developer is dated, 20' pertains to the date when the Illinois Rider and Minnesota Rider to the Development Agreement are executed. The documents specify that the parties involved, Floyds 99 Franchising, LLC and the Developer, formally execute and deliver these riders concurrently with the execution of the Development Agreement. This execution occurs on the day and year first written in the agreement.
In practical terms, this means that the date filled in after 'Developer is dated, 20' on the Illinois and Minnesota Riders should match the date of the Development Agreement itself. This ensures that all associated documents are legally aligned and come into effect simultaneously.
Prospective Floyds 99 franchisees should pay close attention to this date to ensure consistency across all legal documents. Any discrepancy in dates could potentially lead to confusion or legal complications in the future. It is a standard practice in franchising to ensure that all related agreements are dated and executed at the same time to avoid ambiguity.