When does the Floyds 99 Franchise Agreement become effective?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above set forth.
FLOYD'S 99 FRANCHISING, LLC (Print Name) Individually Address: City: State: Zip: OR: (if a corporation or partnership) Company Name Address: City: State: Zip:
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 becomes effective as of the date the parties execute the agreement. The document includes a signature page indicating that the parties execute the agreement as of the date first written above.
This means that the franchisee's obligations and the franchisor's obligations begin on the date that both parties sign the agreement. This date is important because it triggers various deadlines and obligations outlined in the agreement, such as the franchisee's obligation to find an approved location for their Floyds 99 shop.
Prospective franchisees should pay close attention to this date and ensure they understand all of their responsibilities and deadlines that are tied to it. It is also important to keep a fully executed copy of the agreement for their records.