Who licensed the Marks to FFL for Floyds 99?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
The Marks were licensed to FFL by Holdings in March 2005. Through a license with Holdings, we have full right and authority to use and license to franchisees the use of the Marks for 10-year terms that automatically renew. This license can be terminated only on mutual agreement of the parties or following a notice of default and a cure period. In the event of a termination, FFL's rights and obligations under all Franchise Agreements are deemed to be assigned to Holdings to provide continuity to franchisees.
Source: Item 13 — TRADEMARKS (FDD pages 41–43)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the Marks were licensed to FFL by Holdings in March 2005. FFL then has the right to license the Marks to franchisees through a license with Holdings. This license extends for 10-year terms that automatically renew, providing a long-term framework for franchisees to use the Floyds 99 brand.
This licensing agreement can only be terminated if both parties mutually agree or if a default notice is issued and the cure period passes without resolution. To ensure continuity for franchisees, if the license is terminated, FFL's rights and obligations under all Franchise Agreements are assigned to Holdings. This means that even if the licensing agreement between Holdings and FFL ends, franchisees will still be able to operate under the Floyds 99 brand through Holdings.
As a Floyds 99 franchisee, it's important to understand that your right to use the trademarks is dependent on these licensing agreements. While the 10-year automatic renewal provides some security, the possibility of termination (however unlikely) exists. Prospective franchisees should seek clarification from Floyds 99 regarding the specific conditions that could lead to a default notice and termination of the license, as well as the practical implications of such a scenario for their franchise operations.