Does the guarantor have the right to approve amendments or modifications to the Floyds 99 agreement?

According to the 2025 Floyds 99 Franchise Disclosure Document, the guarantor does not have the right to approve or consent to any amendment or modification of the agreement. The document explicitly states that the guarantor's obligation and liability will not be affected by any changes to the agreement, regardless of whether they approve of it or not. This ensures that Floyds 99 can make necessary adjustments to the franchise agreement without requiring the guarantor's consent, streamlining the process and maintaining operational flexibility.

This provision is typical in franchising, as it protects the franchisor's ability to adapt to changing market conditions or legal requirements. The guarantor's role is to ensure financial obligations are met, not to dictate the terms of the franchise agreement itself. By preventing the guarantor from having approval rights, Floyds 99 avoids potential delays or disputes that could arise from seeking their consent for every modification.

For a prospective Floyds 99 franchisee, this means that if a guarantor is required for their franchise agreement, that guarantor's approval is not needed for any amendments or modifications to the agreement. The guarantor's responsibility is strictly financial, and they will be held liable regardless of any changes made to the franchise agreement. Franchisees should ensure their guarantors fully understand this limited role and the extent of their financial commitment, as their liability remains even if the agreement terms change.