Who are the parties to the Franchise Agreement for a Floyds 99 shop?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
to revoke any authorization for funds transfer prior to the | | | termination of the applicable Franchise Agreement, without prior written consent of Franchisor; (3) that the | | | Bank cannot cancel this authorization without receiving written consent from Franchisor; and (4) that | | | termination of this authorization does not relieve Franchisee of its obligation to make payments to | | | Franchisor. | | | If Franchisee is an entity: | If Franchisee is one or more individuals: Signature | | By: | Signature | | Title: | | | Date: | |
EXHIBIT V TO FRANCHISE AGREEMENT
PERMIT, LICENSE AND CONSTRUCTION CERTIFICATION
| Floyd's 99 Franchising, LLC ("Franchisor") and Franchisee are parties to a Franchise Agreement | |
|---|---|
| dated, 20 for the development and operation of a FLOYD'S 99 Shop located at | |
| (the "Franchised Location"). In accordance | |
| with Section 5.7 of the Franchise Agreement, Franchisee certifies to the Franchisor that the Franchised | |
| Location complies with all applicable federal, state and local laws, statutes, codes, rules, regulations and | |
| standards including, but not limited to, the federal Americans with Disabilities Act and any similar state or | |
| local laws. The Franchisee has obtained all such permits and certifications as may be required for the lawful | |
| construction and operation of the FLOYD'S 99 Shop, together with all certifications from government | |
| authorities having jurisdiction over the site that all requirements for construction and operation have been | |
| met, including without limitation, zoning, access, sign, health, safety requirements, building and other | |
| required construction permits, licenses to do business and fictitious name registrations, sales tax permits, | |
| and installation of equipment at the Franchised Location. Franchisor may justifiably rely on the information contained in this certification. | health and sanitation permits and ratings and fire clearances. The Franchisee has obtained all customary contractors' sworn statements and partial and final lien waivers for construction, remodeling, decorating The Franchisee acknowledges that it is an independent contractor and that the requirement of this certification does not constitute ownership, control, leasing or operation of the Barbershop or the Franchised Location but rather provides notice to the Franchisor that the Franchisee has complied with all applicable laws. |
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the parties to the Franchise Agreement are Floyd's 99 Franchising, LLC, as the Franchisor, and the Franchisee. The franchisee can be either an individual or a corporation, partnership, or LLC.
The Franchise Agreement grants the franchisee the right to use Floyds 99's marks and licensed methods to operate a barbershop at a specific location. The franchisee must adhere to Floyds 99's standards and methods, offering designated services and products. The franchisee is restricted from offering or selling any services or products not previously approved by Floyds 99 in writing and shall further be restricted from offering the authorized services or distributing the authorized products for nonretail or off-site sale except as permitted by the Franchisor in writing.
The franchisee is responsible for ensuring the Franchised Location complies with all applicable laws and regulations, including the Americans with Disabilities Act. They must also obtain all necessary permits and certifications for the lawful construction and operation of the Floyds 99 shop. Floyds 99 relies on the franchisee's certification of compliance with these requirements.