When are Costs and Attorneys' Fees due for a Floyds 99 franchise?

According to Floyds 99's 2025 Franchise Disclosure Document, Costs and Attorneys' Fees are due 'as incurred.' Specifically, these fees are payable if a franchisee fails to comply with the Franchise Agreement. The exact amount will vary depending on the nature of the default.

This means that a Floyds 99 franchisee will not face these fees unless they violate the terms of their agreement with the franchisor. The fees are intended to cover Floyds 99's expenses in addressing the franchisee's non-compliance. This is a fairly standard practice in franchising, where franchisees are expected to adhere to the franchise agreement, and failure to do so can result in financial penalties to cover the franchisor's costs.

Prospective franchisees should carefully review the Franchise Agreement to understand what constitutes a default and what actions could trigger these fees. Understanding these potential costs is crucial for budgeting and risk management. Franchisees should also maintain open communication with Floyds 99 to address any concerns or potential compliance issues proactively.