Does Floyds 99 require the Nondisclosure and Noncompetition Agreement to be in a specific form?

According to the 2025 Floyds 99 Franchise Disclosure Document, the Nondisclosure and Noncompetition Agreement (NDA) that Prospective Franchisees and their Management Personnel are required to sign is attached as Exhibit I to the FDD. This indicates that Floyds 99 uses a specific form for this agreement. The FDD also mentions that this agreement is provided to the Prospective Franchisee and the Management Personnel.

This requirement ensures that all franchisees and their key personnel are bound by the same terms and conditions regarding confidentiality and non-competition. By using a standardized form, Floyds 99 can maintain consistency and control over the protection of its confidential information and business practices across all franchise locations.

Prospective franchisees should carefully review Exhibit I of the FDD to understand the specific obligations and restrictions outlined in the Nondisclosure and Noncompetition Agreement. It is important to be aware of the scope of confidential information covered, the duration and geographic limitations of the non-competition provisions, and any other terms that may impact their ability to operate the franchise or pursue other business ventures in the future.