What does the Costs and Attorneys' Fees for a Floyds 99 franchise depend on?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Costs and Attorneys' Fees1 | Will vary depending on nature of your default | As incurred | Payable upon your failure to comply with the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 14–20)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the Costs and Attorneys' Fees will vary depending on the nature of a franchisee's default. These fees are incurred if a franchisee fails to comply with the Franchise Agreement. This means that the more severe or complex the breach of contract, the higher the legal costs Floyds 99 may seek to recover from the franchisee.
This type of clause is standard in franchise agreements. It aims to protect the franchisor from bearing legal expenses resulting from a franchisee's non-compliance. For a prospective Floyds 99 franchisee, this underscores the importance of fully understanding and adhering to the terms outlined in the Franchise Agreement to avoid potential legal costs.
It is important to note that these costs are in addition to any other penalties or remedies Floyds 99 might pursue for a breach of contract. Therefore, franchisees should prioritize compliance and seek legal counsel if they are unsure about any aspect of the Franchise Agreement to mitigate the risk of incurring these fees.