What is the definition of 'Associate' as it relates to the Floyds 99 franchise?
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 defined as someone involved with the company in a specific capacity. This includes individuals serving as an officer, partner, director, agent, Principal Manager, employee, principal, or beneficial owner. It also extends to immediate family members of any of the aforementioned roles.
All these individuals are associated with a Floyds 99 Shop, also referred to as the 'Franchised Business.' Their involvement is governed by the terms of a Franchise Agreement between Floyds 99 Franchising, LLC and the franchisee. Due to their association, these individuals gain access to certain confidential information related to the business.
Given their access to sensitive information and their connection to the Floyds 99 franchise, Associates are subject to nondisclosure and noncompetition agreements with the company. This ensures the protection of Floyds 99's confidential information and prevents unfair competition.