What is the expiration date of the License Agreement between Rubbish Boys and the franchisor of 1-800-GOT-JUNK??
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Rubbish Boys has licensed to us the right to offer and sell licenses, and to sublicense to you the right to use the System, including the principal trademarks, for the operation of your Franchised Business (the “License Agreement”). The License Agreement expires in 2057 and will only terminate before that time if we fail to pay royalties to Rubbish Boys, become bankrupt or otherwise insolvent, or breach the terms of the License Agreement, which prohibit us from misusing or attempting to transfer the License Agreement. If the License Agreement is terminated, you may be required to stop using the trademarks.
Source: Item 13 — Trademarks (FDD pages 36–37)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, Rubbish Boys has licensed to the franchisor the right to offer and sell licenses, and to sublicense to franchisees the right to use the 1-800-GOT-JUNK? system, including its trademarks. This licensing agreement between Rubbish Boys and 1-800-GOT-JUNK? is referred to as the "License Agreement."
The License Agreement between Rubbish Boys and 1-800-GOT-JUNK? is set to expire in 2057. However, the agreement may terminate earlier under specific conditions. These conditions include failure by 1-800-GOT-JUNK? to pay royalties to Rubbish Boys, bankruptcy or insolvency of 1-800-GOT-JUNK?, or breach of the License Agreement terms, particularly those prohibiting misuse or attempted transfer of the agreement.
For a prospective 1-800-GOT-JUNK? franchisee, the expiration date of the License Agreement is significant because its termination could impact the franchisee's right to use the 1-800-GOT-JUNK? trademarks. The FDD states that if the License Agreement is terminated, franchisees may be required to stop using the trademarks. This highlights the importance of the financial stability and contractual compliance of 1-800-GOT-JUNK? to its franchisees.