What is the legal name of the Franchisor as defined in the Floyds 99 Lease Addendum?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Landlord further agrees that, upon the earlier of the expiration or termination of the Franchise Agreement or the Lease or upon any Default under the Lease or any default under the Franchise Agreement, Franchisor will have the right, but not the obligation, at Franchisor's sole cost, to enter upon the Premises and to remove any or all furniture, fixtures, equipment and all trade names, trade dress and other trade indicia associated with Franchisor, including, without limitation, Tenant's property, external and internal signage and all trade dress and design characteristics identifying the Premises as a FLOYD'S 99 franchise. Franchisor agrees to promptly repair any damage to the Premises caused by such removal or modifications.
Franchisor's prior written consent, which will not be unreasonably withheld, must be obtained by Landlord and Tenant to cancel, terminate (including Tenant's voluntary surrender), modify or amend the Lease including, without limitation, Franchisor's rights under this Addendum.
Landlord acknowledges that Tenant is not an agent or employee of Franchisor and Tenant has no authority or power to act for, or to create any liability on behalf of, or to in any way bind Franchisor or any affiliate of Franchisor, and that Landlord has entered into this Addendum with the full understanding that it creates no duties, obligations or liabilities of or against Franchisor or any Franchisor Party.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the legal name of the franchisor, as it relates to the Lease Addendum, is Floyd's 99 Franchising, LLC. This entity is the one that holds certain rights and obligations related to the leased premises of a Floyds 99 franchise.
Specifically, in the Lease Addendum, Floyds 99 Franchising, LLC has the right, but not the obligation, to enter the premises and remove furniture, fixtures, equipment, trade names, trade dress, and other trade indicia associated with the Floyds 99 brand if the lease is terminated or expires, or if there is a default under the lease or Franchise Agreement. This ensures that upon termination, the premises can be restored, and the Floyds 99 branding can be removed, even if the franchisee fails to do so.
Furthermore, any modifications or amendments to the lease require the prior written consent of Floyds 99 Franchising, LLC. This provision protects the franchisor's interests and ensures that changes to the lease do not negatively impact the Floyds 99 brand or the franchisor's rights. The Lease Addendum also clarifies that the franchisee is not an agent or employee of Floyds 99 Franchising, LLC, and cannot bind the franchisor in any way. This is a standard clause to prevent misunderstandings about the relationship between the franchisee and franchisor with respect to the landlord.