What is the Associate's role in relation to the Floyds 99 Franchised Business?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. Associate is or will become involved with the Company in the capacity of an officer, partner, director, agent, Principal Manager, employee, principal, beneficial owner or as an immediate family member of one of the foregoing persons, all of whom are associated with a FLOYD'S 99 Shop (the "Franchised Business") pursuant to the terms of a Franchise Agreement between the Company and the party identified as the "Franchisee" at the end of this Agreement, and in such capacity, Associate will become privileged as to certain Confidential Information; and
- E. Associate and the Company have reached an understanding with regard to nondisclosure by Associate of Confidential Information and with respect to noncompetition by Associate with the Company.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, an Associate is someone involved with a Floyds 99 Shop, known as the "Franchised Business." This involvement can take various forms, such as being an officer, partner, director, agent, Principal Manager, employee, principal, beneficial owner, or an immediate family member of one of these individuals. All these people are associated with a Floyds 99 Shop under the terms of a Franchise Agreement.
In their capacity, Associates gain access to Confidential Information related to the business. This privileged access necessitates an understanding between the Associate and the Company (Floyds 99 Franchising, LLC) regarding the nondisclosure of this Confidential Information. Additionally, the understanding extends to noncompetition by the Associate with the Company, ensuring that the Associate does not use the information gained to compete against Floyds 99.
For a prospective franchisee, this definition highlights the importance of ensuring that anyone affiliated with their Floyds 99 franchise, who has access to confidential business information, is bound by nondisclosure and noncompetition agreements. This protects the Floyds 99 system and the franchisee's investment by preventing sensitive information from being used to the detriment of the franchise.