How long does a 360 Painting franchisee have to furnish evidence of compliance with the assumed name cancellation or assignment obligation after termination or expiration?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
- (x) promptly take such action as may be necessary to cancel or assign to Franchisor, at Franchisor's option, any assumed name or equivalent registration filed with state, city or county authorities which contains the name "360 Painting" or any of the Marks, and Franchisee shall furnish Franchisor with evidence satisfactory to Franchisor of compliance with this obligation within thirty (30) days after termination or expiration of this Agreement;
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, a franchisee has 30 days after the termination or expiration of their franchise agreement to provide 360 Painting with evidence that they have either canceled or assigned any assumed name registrations that include "360 Painting" or any of 360 Painting's other marks. This obligation ensures that the franchisee ceases using the 360 Painting brand name after the agreement ends.
This requirement is fairly standard in franchising. It protects the 360 Painting brand and prevents former franchisees from potentially misleading the public into thinking they are still affiliated with the 360 Painting system.
It is important for prospective franchisees to understand this obligation, as failure to comply within the specified timeframe could result in legal action or other penalties from 360 Painting. Franchisees should be prepared to take the necessary steps to cancel or assign any assumed names promptly upon termination or expiration of the franchise agreement.