factual

Under what grounds can a Floyds 99 franchisee terminate the franchise agreement?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

  1. The following shall be added at the end of Section 20.1:

The Franchisee may terminate the Agreement upon any grounds available by law.

Source: Item 23 — RECEIPT (FDD pages 58–229)

What This Means (2025 FDD)

According to the 2025 Floyds 99 Franchise Disclosure Document, a franchisee in New York has specific rights regarding termination. A rider to the franchise agreement for New York states, "The Franchisee may terminate the Agreement upon any grounds available by law." This means a Floyds 99 franchisee in New York can terminate the agreement based on any legal grounds available in the state.

In Minnesota, state law also affects termination rights. Minnesota law requires that Floyds 99 provide a franchisee with 90 days' notice of termination (with 60 days to cure) except in certain specified cases. The law also mandates 180 days' notice for non-renewal of the agreement. Additionally, any release signed by the franchisee will not apply to claims arising under the Minnesota Franchise Act.

For franchisees in Virginia, it is unlawful for Floyds 99 to cancel a franchise without reasonable cause, according to the Virginia Retail Franchising Act. If any grounds for default or termination stated in the franchise agreement do not constitute "reasonable cause" as defined by Virginia law, that provision may not be enforceable. Furthermore, franchisees in California have certain rights under the California Business and Professions Code, including limitations on Floyds 99's ability to terminate a franchise except for good cause and restrictions on denying renewal of a franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.