What is the full name of the Franchisor in the Floyds 99 Rider to the Development Agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Developer is dated, 20 | This Rider to the Development Agreement by and between Floyd's 99 Franchising, LLC and |
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Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Rider to the Development Agreement is made by and between "Floyd's 99 Franchising, LLC" and the Developer. This indicates that "Floyd's 99 Franchising, LLC" is the full legal name of the franchisor entity for the purposes of the Development Agreement.
This is important for prospective franchisees as it clarifies the legal entity they are contracting with when signing the Development Agreement. Knowing the precise legal name ensures that all legal documents and business transactions are correctly attributed, which can be crucial for liability, compliance, and other legal considerations.
It is typical in franchising for the franchisor to operate as a limited liability company (LLC) or other corporate entity to protect the personal assets of the franchisor's owners. The franchisee should verify that this entity is in good standing with the relevant state authorities before signing any agreements.