factual

What document contains the entire agreement between Floyds 99 and the franchisee?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

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, the Franchise Agreement outlines the complete agreement between Floyds 99 Franchising, LLC and the franchisee. This agreement details the understandings and conditions under which Floyds 99 grants the franchisee the right to operate a Floyds 99 shop.

The Franchise Agreement covers various aspects of the franchise relationship, including the purpose of the agreement, which is to allow the franchisee to operate a retail hair care business using Floyds 99's service marks and proprietary methods. It also specifies that the franchisee desires to establish a Floyds 99 shop at a location that is either identified in the agreement or to be identified later.

Furthermore, the agreement grants the franchisee the right to operate the Floyds 99 shop at the specified location, subject to the terms and conditions outlined within the agreement. This ensures that both Floyds 99 and the franchisee have a clear understanding of their rights and obligations, fostering a structured and legally sound business relationship.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.