What is the definition of Designated Equipment for the Floyds 99 software?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor will license one or more proprietary computer software programs (the "Software") to the Franchisee for use in the operation of the FLOYD'S 99 Shop, including any modifications or revisions thereto, all documentation (other than the Software) related to the Software, the tangible media upon which such programs are recorded and the database file structure thereof (collectively, the "Program"). The Franchisor hereby grants to the Franchisee a nonexclusive, nontransferable, fully paid license to use the Program (the "License") for the term hereof, and agrees to provide updates for the Program for the term hereof. The parties agree as follows:
- a. The Program shall be installed on the computer equipment designated by the Franchisor as meeting its specifications (the "Designated Equipment").
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, Designated Equipment refers to the computer equipment that the franchisor specifies for the installation of its proprietary software programs. Floyds 99 licenses this software to franchisees for use in operating their shops, including any modifications or revisions, related documentation, tangible media, and the database file structure.
For a prospective Floyds 99 franchisee, this means they must use the specific computer hardware and systems that Floyds 99 designates to run the required software. This ensures compatibility and standardization across all franchise locations. The franchisee is responsible for maintaining this equipment and keeping it up to date.
Floyds 99 also retains the right to require franchisees to purchase new and upgraded computer hardware, software, telecommunications equipment, and other designated equipment with 30 days' written notice. This allows Floyds 99 to maintain consistent technology standards and protect the brand's integrity. The franchisee is responsible for all maintenance costs associated with the point-of-sale system, computer hardware, software, telecommunications equipment, and other designated equipment used in the barbershop.