Can modifications to the Floyds 99 Franchise Agreement be made verbally?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- 24.1 Modification.
The Franchisor and/or the Franchisee may modify this Agreement only upon execution of a written agreement between the two parties.
- 24.2 Entire Agreement.
This Agreement, including all exhibits and addenda, and the Operations Manual, contain the entire agreement between the parties and supersedes any and all prior agreements concerning the subject matter hereof.
No modifications of this Agreement shall be effective except those in writing and signed by both parties.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, modifications to the Franchise Agreement must be made in writing. Specifically, any changes require a written agreement executed by both Floyds 99 and the franchisee. This requirement ensures that all modifications are clearly documented and agreed upon by both parties, preventing potential misunderstandings or disputes.
This stipulation is a standard practice in franchising, as it provides a clear record of any changes to the original agreement. It protects both Floyds 99 and the franchisee by ensuring that all terms are documented and legally binding. Without this clause, verbal agreements could be easily disputed or misinterpreted, leading to conflict.
Furthermore, the Floyds 99 Franchise Agreement explicitly states that the written agreement, including all exhibits, addenda, and the Operations Manual, constitutes the entire agreement between the parties. This clause reinforces that no prior agreements or verbal understandings can supersede the written contract. This comprehensive approach ensures clarity and legal certainty in the franchise relationship.