Does Floyds 99 have any restrictions on their right to assign the Franchise Agreement?

According to Floyds 99's 2025 Franchise Disclosure Document, Floyds 99 has no restrictions on their right to assign the Franchise Agreement. This is detailed in Item 17, which outlines the terms for renewal, termination, transfer, and dispute resolution for both the Franchise Agreement and the Development Agreement.

Specifically, the section titled "Assignment of contract by franchisor" states that there are no restrictions on Floyds 99's ability to assign the agreement. This means that Floyds 99 can transfer its rights and obligations under the Franchise Agreement to another party without needing the franchisee's consent or meeting specific conditions.

For a prospective franchisee, this signifies that the entity they initially contracted with may change during the term of the agreement. While the terms of the agreement should remain the same, the new franchisor may have a different management style or business priorities. It is a fairly common practice in franchising for franchisors to be able to assign agreements without restriction, as it allows for flexibility in business operations and potential mergers or acquisitions.