What is the Floyds 99 franchisee required to do with the signed lease after execution?

According to the 2025 Floyds 99 Franchise Disclosure Document, after executing a lease for the Franchised Location, the franchisee is required to provide a copy of the signed lease, including all lease amendments, to Floyds 99 within 15 days of its execution. This requirement ensures that Floyds 99 is kept informed about the franchisee's site arrangements and can maintain oversight of the lease terms.

This requirement is tied to Floyds 99's broader involvement in the site selection and lease negotiation process. The franchisee must obtain Floyds 99's prior written approval before executing any lease, including all amendments. This предварительное approval process allows Floyds 99 to ensure that the lease contains provisions that protect its interests, such as the right to enter the premises, make necessary modifications, and assume or assign the lease under certain conditions.

Submitting the lease copy within 15 days is a critical step for the franchisee to maintain compliance with the franchise agreement. Failing to do so could potentially lead to breaches of the agreement. This requirement is in place to allow Floyds 99 to maintain control and consistency across all of its franchised locations, ensuring that each site meets the brand's standards and operational requirements.