Does the Floyds 99 Franchise Agreement disclaim representations made in the franchise disclosure document?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Nothing in this Agreement or in any related agreement is intended to disclaim the representations made by the Franchisor in the franchise disclosure document that the Franchisor provided to the Franchisee.
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 explicitly states that it does not disclaim representations made by Floyds 99 in the Franchise Disclosure Document (FDD) provided to the franchisee. This means that Floyds 99 is legally bound by the statements and information presented in the FDD.
This provision protects the franchisee by ensuring that Floyds 99 cannot later deny or contradict information that was disclosed in the FDD. The FDD serves as a crucial document for prospective franchisees, providing essential details about the franchise system, fees, obligations, and potential risks.
This type of clause is fairly standard in franchise agreements. It reinforces the importance of the FDD as a source of reliable information for franchisees and helps to prevent disputes arising from misunderstandings or misrepresentations. Franchisees should carefully review the FDD and seek legal counsel to fully understand their rights and obligations before signing the Franchise Agreement.