What is the date referenced in the Floyds 99 Rider to the Development Agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Developer is dated, 20 | This Rider to the Development Agreement by and between Floyd's 99 Franchising, LLC and |
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Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Rider to the Development Agreement references the date that the Development Agreement was initially executed. The rider is effective as of that original date.
For a prospective Floyds 99 franchisee, this means that any modifications or additions outlined in the Rider are considered part of the original Development Agreement and are legally binding from the initial agreement date. This ensures that all terms, including those in the Rider, are enforceable from the start of the franchise relationship.
It is important for the franchisee to carefully review the Rider in conjunction with the Development Agreement to fully understand their rights and obligations. This includes understanding how the Rider modifies or supplements the original agreement and how these changes impact their responsibilities and the franchisor's obligations.