factual

Are all Franchise Agreements executed by the parties binding under the Floyds 99 agreement?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

THE PARTIES ACKNOWLEDGE THAT IN THE EVENT THAT THE TERMS OF THIS AGREEMENT REGARDING TERMINATION OR EXPIRATION ARE INCONSISTENT WITH APPLICABLE STATE OR FEDERAL LAW, SUCH LAW SHALL GOVERN DEVELOPER'S RIGHTS REGARDING TERMINATION OR EXPIRATION OF THIS AGREEMENT.

Source: Item 23 — RECEIPT (FDD pages 58–229)

What This Means (2025 FDD)

According to the 2025 Floyds 99 Franchise Disclosure Document, the enforceability and interpretation of the Franchise Agreement can be influenced by state laws, potentially overriding certain provisions. Specifically, if any term regarding termination or expiration is inconsistent with applicable state or federal law, that law will govern the developer's rights.

This means that while Floyds 99 aims to enforce the agreement as written, franchisees' rights are ultimately protected by the laws of their specific state or by federal statutes. This is particularly relevant concerning termination or expiration clauses, where state laws can provide additional protections to franchisees.

For a prospective Floyds 99 franchisee, this highlights the importance of understanding the franchise laws in their state. They should consult with a franchise attorney to assess how local laws might affect the enforceability of specific clauses within the Franchise Agreement, especially those related to termination, expiration, and renewal. This due diligence can help ensure they are fully aware of their rights and obligations under both the franchise agreement and the relevant state and federal laws.

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.