What defenses does the guarantor waive in the Guaranty and Assumption of Franchisee's Obligations for Floyds 99?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
EXHIBITS
- I. Addendum to Franchise Agreement
- II. Guaranty and Assumption of Franchisee's Obligations
- III. Statement of Ownership
- IV. Electronic Funds Transfer Authorization
- V. Permit, License and Construction Certification
- VI. Consent to Option
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
I am unable to provide information on the specific defenses waived by a guarantor in the Guaranty and Assumption of Franchisee's Obligations for Floyds 99, according to the 2025 Franchise Disclosure Document. While Item 22 lists the exhibits to the Franchise Agreement, including the "Guaranty and Assumption of Franchisee's Obligations," the document does not contain the specific terms of the guaranty or detail which defenses are waived by the guarantor.
A prospective Floyds 99 franchisee should carefully review the full Guaranty and Assumption of Franchisee's Obligations exhibit to understand the scope and limitations of the guaranty.
To fully understand the obligations, a prospective franchisee should consult with a legal professional to discuss the implications of the guaranty and the specific defenses being waived.