What is covered under Article 1 of the Floyds 99 Franchise Agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
FLOYD'S 99 FRANCHISING, LLC FRANCHISE AGREEMENT
THIS AGREEMENT (the "Agreement") is made this day of, 20, by and between FLOYD'S 99 FRANCHISING, LLC, a Colorado limited liability company, located at 7900 E. Berry Place, Greenwood Village, CO 80111 (the "Franchisor") and located at (the "Franchisee"), who, on the basis of the following understandings and agreements, agree as follows:
1. PURPOSE
- 1.1 The Franchisor has developed methods for establishing and operating franchises for the operation of retail hair care businesses ("FLOYD'S 99 Shops" or "Barbershops") which use the service mark "FLOYD'S 99" and related service marks, trade names and trademarks ("Marks") and the Franchisor's proprietary methods of doing business ("Licensed Methods").
- 1.2 The Franchisor grants the right to others to develop and operate FLOYD'S 99 Shops, under the Marks and pursuant to the Licensed Methods.
- 1.3 The Franchisee desires to establish a FLOYD'S 99 Shop at a location identified herein or to be later identified, and the Franchisor desires to grant the Franchisee the right to operate a FLOYD'S 99 Shop at such location under the terms and conditions which are contained in this Agreement.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Article 1 of the franchise agreement outlines the purpose of the agreement between Floyds 99 Franchising, LLC, and the franchisee. It states that Floyds 99 has developed methods for operating retail hair care businesses, known as FLOYD'S 99 Shops or Barbershops, utilizing their service mark "FLOYD'S 99" and related trademarks, along with their proprietary methods of conducting business, referred to as "Licensed Methods."
Floyds 99 grants the right to others to develop and operate these FLOYD'S 99 Shops, using their Marks and Licensed Methods. The franchisee expresses a desire to establish a FLOYD'S 99 Shop at a specific location, or one to be identified later. Floyds 99, in turn, desires to grant the franchisee the right to operate a FLOYD'S 99 Shop at that location, under the terms and conditions detailed in the franchise agreement.
In essence, Article 1 sets the stage for the franchise relationship, clarifying that Floyds 99 is granting the franchisee the right to operate a hair care business using the Floyds 99 brand, trademarks, and operational methods, while the franchisee commits to establishing and running the business according to the agreement's terms.