If a term is not specifically defined in the Addendum for a Floyds 99 franchise, where can its definition be found?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Terms not otherwise defined in this Agreement shall have the meanings as defined in the Franchise Agreement.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, if a term is not defined within the Development Agreement itself, its meaning will be as defined in the Franchise Agreement. This clarifies the hierarchy of definitions within the franchise documents.
For a prospective Floyds 99 developer, this means that when reviewing the Development Agreement, the initial point of reference for understanding specific terms should be within that agreement. However, if a term is not explicitly defined there, the franchisee must then refer to the Franchise Agreement for clarification. This requires a comprehensive understanding of both agreements to fully grasp the obligations and rights involved in the franchise relationship.
This approach is typical in franchising, where multiple agreements may govern different aspects of the franchise relationship. It underscores the importance of carefully reviewing all documents and seeking legal counsel to ensure a complete understanding of all terms and conditions. Franchisees should pay close attention to cross-references between agreements to avoid any potential misunderstandings or disputes.