Who has the option to have a 360 Painting franchisee's assumed name registration cancelled or assigned?
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, the franchisor has the option to have a franchisee's assumed name registration cancelled or assigned. Specifically, upon termination or expiration of the franchise agreement, 360 Painting franchisees must take necessary actions to cancel or assign any assumed name registrations containing "360 Painting" or any of the brand's marks to the franchisor.
This requirement ensures that upon the end of the franchise agreement, the franchisee no longer uses the 360 Painting brand name or associated marks. The franchisee must provide evidence of compliance with this obligation to 360 Painting within 30 days after the termination or expiration of the agreement.
This provision protects 360 Painting's brand identity and prevents former franchisees from potentially misrepresenting themselves as being affiliated with the brand after their franchise agreement has ended. It is a fairly standard clause in franchise agreements to ensure brand consistency and prevent confusion in the marketplace.