What specific provisions regarding the Marks and signage must be included in the Floyds 99 lease?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
The lease for the Franchised Location shall contain provisions set forth in detail in the Operations Manual (defined in Section 8.1 below), which may include the following: (1) providing for an initial term, or an initial term together with any renewal terms (for which rent must be specified in the lease) of at least 10 years; (2) expressing the landlord's consent to the Franchisee's use of the Marks and all required signage for the Barbershop; (3) giving the Franchisor the right to enter the premises and make any modification necessary to protect the Marks and the Licensed Methods; (4) allowing the Franchisor, or its designee, to have the option to assume the lease and the right following such assumption to assign the lease or sublet the leased premises to another FLOYD'S 99 franchisee for all or any part of the lease term without further landlord consent if the Franchisee defaults under the lease or this Agreement or if this Agreement terminates or expires; (5) requiring the landlord to give the Franchisor written notice of any defaults by the Franchisee under such lease and the right to cure any such defaults; and (6) the lease shall also contain restrictive use clauses which are acceptable to the Franchisor.
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the lease for the franchised location must include the landlord's consent to the franchisee's use of the Floyds 99 Marks and all required signage for the barbershop. This provision ensures that Floyds 99 franchisees have the legal right to display the brand's trademarks and signage at their location, which is crucial for brand recognition and attracting customers.
In addition to signage and Marks, the lease should also grant Floyds 99 the right to enter the premises and make any modifications necessary to protect the Marks and the Licensed Methods. This allows Floyds 99 to ensure that the franchisee is adhering to brand standards and maintaining the quality and consistency of the Floyds 99 brand.
Furthermore, the lease should allow Floyds 99, or its designee, the option to assume the lease and the right following such assumption to assign the lease or sublet the leased premises to another Floyds 99 franchisee without further landlord consent if the franchisee defaults under the lease or the Franchise Agreement terminates or expires. This provision protects Floyds 99's interests in the event that a franchisee is unable to continue operating the business. The lease should also require the landlord to provide Floyds 99 with written notice of any defaults by the franchisee and the right to cure such defaults, and contain restrictive use clauses acceptable to Floyds 99.