What does the Floyds 99 Lease Addendum say about defined terms?

According to the 2025 Floyds 99 Franchise Disclosure Document, the Lease Addendum refers to a certain Lease. The addendum states, "This Addendum is attached to and made a part of that certain Lease (the "Lease") by and between ("Landlord") and". This indicates that within the context of the addendum, the term "Lease" specifically refers to the agreement between the Landlord and the Tenant for the premises where the Floyds 99 barbershop will operate.

This definition is crucial because the Lease Addendum modifies and supplements the original lease agreement. By clearly defining "Lease," the addendum ensures that all parties involved—the landlord, the tenant (Floyds 99 franchisee), and Floyds 99 Franchising, LLC—understand which document is being referenced and amended. This avoids potential confusion or disputes regarding the terms and conditions of the lease.

For a prospective Floyds 99 franchisee, understanding this definition is important because the Lease Addendum contains provisions that directly impact their rights and obligations as a tenant. These provisions cover aspects such as assignment of the lease, notice to the franchisor in case of default, removal of trade dress, and the relationship between the tenant and franchisor. Knowing that the term "Lease" refers to the original lease agreement allows the franchisee to accurately interpret and comply with the terms of the Lease Addendum.