What is the longer timeframe for reviewing the Floyds 99 agreement, in calendar days?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
If Floyd's 99 Franchising offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
New York requires that we give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, prospective franchisees in general must receive the disclosure document at least 14 calendar days before signing a binding agreement or making a payment to Floyds 99. However, the FDD states that New York requires Floyds 99 to provide the Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that Floyds 99 provide the disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
Therefore, the longest timeframe provided for reviewing the Floyds 99 agreement is 14 calendar days, as this is the standard timeframe, while New York and Michigan have slightly shorter timeframes based on business days.
It is important for prospective franchisees to be aware of these timelines and to use the time to carefully review the Disclosure Document and seek professional advice before making any decisions.