What are the two timeframes provided for reviewing the Floyds 99 agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Minnesota law provides a Franchisee with certain termination and nonrenewal rights. Minn. Stat. Sec. 80C.14 Subd. 3, 4 and 5 require, except in certain specified cases, that a Franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice for nonrenewal of the applicable agreement.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
Based on the 2025 Floyds 99 Franchise Disclosure Document addendum for Minnesota franchisees, Minnesota law provides specific timeframes related to termination and non-renewal of the franchise agreement.
Specifically, Floyds 99 must provide a franchisee with 90 days' notice of termination, which includes a 60-day period to address and resolve the issues leading to the termination notice. Additionally, the franchisee is entitled to 180 days' notice if Floyds 99 decides not to renew the franchise agreement at the end of its term.
These regulations protect Minnesota franchisees by ensuring they have adequate time to prepare for the end of their franchise relationship, whether due to termination or non-renewal. The cure period is a common practice in franchising, allowing franchisees an opportunity to rectify any breaches of the agreement. The longer notice period for non-renewal provides franchisees with ample time to plan their next business steps.