What does Minnesota law provide the franchisee regarding non-renewal of the Floyds 99 agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Minnesota law provides a Franchisee with certain termination and nonrenewal rights. Minn. Stat. Sec. 80C.14 Subd. 3, 4 and 5 require, except in certain specified cases, that a Franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for nonrenewal of the applicable agreement.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, Minnesota law provides franchisees with specific rights regarding the non-renewal of their franchise agreements. Specifically, Minnesota Statutes Section 80C.14 Subd. 3, 4, and 5 mandate that, except in certain specified cases, Floyds 99 must provide the franchisee with 180 days' notice before non-renewal of the agreement.
This regulation ensures that franchisees have ample time to prepare for the end of their franchise term, whether by seeking a renewal, planning an exit strategy, or exploring other business opportunities. The 180-day notice period allows franchisees to make informed decisions and avoid abrupt business disruptions.
It is important for prospective Floyds 99 franchisees in Minnesota to understand these non-renewal rights, as they provide a degree of protection and predictability. Franchisees should consult the full text of the Minnesota Statutes cited in the FDD to fully understand their rights and obligations under the law.