In the Floyds 99 Nondisclosure and Noncompetition Agreement, what parties are involved besides the Associate?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Nondisclosure and Noncompetition Agreement (the "Agreement") is made and entered into | ||
|---|---|---|
| effective the day of, 20 by and between Floyd's 99 Franchising, LLC, a Colorado limited | ||
| liability company ("Company"), located at 7900 E. Berry Place, Greenwood Village, CO 80111 and | ||
| resides | at | |
| ("Associate"), | ||
| who | ||
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the Nondisclosure and Noncompetition Agreement involves Floyd's 99 Franchising, LLC, referred to as the "Company", and the "Associate".
The agreement is made between Floyd's 99 Franchising, LLC, a Colorado limited liability company, and the Associate. The Associate is the party who resides at a specified address and is agreeing to the terms of the Nondisclosure and Noncompetition Agreement.
This agreement is crucial for protecting Floyds 99's confidential information and preventing competition from individuals who have gained knowledge of their business practices. Prospective franchisees should carefully review this agreement to understand their obligations and restrictions, especially concerning confidentiality and non-competition, as these could significantly impact their future business activities.