If the Floyds 99 Developer is an entity, who must sign the Guaranty and Assumption of Developer's Obligations?

According to the 2025 Floyds 99 Franchise Disclosure Document, if the Developer is an entity, all of the owners of the Developer must sign the Guaranty and Assumption of Developer's Obligations. This document is attached as Exhibit II to the Development Agreement.

This requirement ensures that Floyds 99 has recourse to the personal assets of the individuals behind the developing entity, should the entity fail to meet its obligations under the Development Agreement. This is a common practice in franchising, as it provides the franchisor with an additional layer of security and demonstrates the owners' commitment to the business.

Prospective Floyds 99 developers should carefully review Exhibit II and understand the full scope of the obligations they will be personally guaranteeing. They should also consult with an attorney or financial advisor to assess the potential risks and liabilities associated with signing the Guaranty and Assumption of Developer's Obligations.