What is the minimum time period Floyds 99 must provide the Franchise Disclosure Document to a prospective franchisee in New York before a sale may be made, according to New York law?

According to Floyds 99's 2025 Franchise Disclosure Document, New York law mandates that Floyds 99 provide the Franchise Disclosure Document (FDD) to prospective franchisees at the earlier of two specific timeframes. These timeframes are the first personal meeting between Floyds 99 and the prospective franchisee, or ten business days before the execution of any franchise or other agreement. This also applies to the payment of any consideration related to the franchise relationship.

This regulation ensures that potential Floyds 99 franchisees in New York have adequate time to review the FDD and seek professional advice before making any binding commitments or payments. The "earlier of" condition means Floyds 99 must be proactive in providing the FDD, ensuring the franchisee has sufficient time for review, regardless of when the first meeting occurs or when payments are made.

It is important for prospective Floyds 99 franchisees in New York to be aware of these rights and to ensure they receive the FDD within the stipulated timeframe. This allows them to make informed decisions and protects them from potential pressure to sign agreements or make payments without proper due diligence. Franchisees should document when they receive the FDD to ensure compliance with New York law.