In the Floyds 99 Franchise Agreement, what do the terms 'Franchisor' and 'Franchisee' refer to?
Floyds_99 Franchise · 2025 FDDAnswer 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:
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the 'Franchisor' is FLOYD'S 99 FRANCHISING, LLC, a Colorado limited liability company located at 7900 E. Berry Place, Greenwood Village, CO 80111. This is the entity that grants the franchise rights to operate a Floyds 99 barbershop. The 'Franchisee' is the individual or entity that is granted the right to operate the Floyds 99 Shop, and their address is to be located at the specified area in the agreement.
In essence, the Franchise Agreement is made between Floyds 99 Franchising, LLC, as the Franchisor, and the individual or company seeking to open a Floyds 99 location, as the Franchisee. The agreement outlines the terms and conditions under which the Franchisee can operate a Floyds 99 Shop, including the use of trademarks, operational methods, and required standards.
Prospective franchisees should carefully note that the Franchise Agreement legally binds them to specific obligations and grants them certain rights. Understanding the roles of the Franchisor and Franchisee is fundamental to grasping the entire contractual relationship and ensuring compliance with all requirements.