When must the Afuri Ramen Dumpling franchisee complete and submit the 'Abandonment, Relinquishment, and Termination of Assumed or Fictitious Business Name' form (Exhibit E)?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Exhibit E to Afuri Franchise Disclosure Document
Afuri FRANCHISE AGREEMENT ADDENDUM ABANDONMENT, RELINQUISHMENT, AND TERMINATION OF ASSUMED OR FICTITIOUS BUSINESS NAME
Pursuant to the provisions of relevant state laws concerning the registration and use of assumed or fictitious business names, the undersigned applicant, being a franchisee of AFURI FRANCHISE INC., submits the following to evidence its intent to abandon, relinquish and terminate its right to use the business name "Afuri":
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, Exhibit E pertains to the 'Abandonment, Relinquishment, and Termination of Assumed or Fictitious Business Name'. This form relates to relevant state laws concerning the registration and use of assumed or fictitious business names. The franchisee submits this form to evidence its intent to abandon, relinquish, and terminate its right to use the business name "Afuri".
However, the FDD does not explicitly state when the 'Abandonment, Relinquishment, and Termination of Assumed or Fictitious Business Name' form (Exhibit E) must be completed and submitted. The document only indicates that the franchisee submits the form to evidence their intent to abandon, relinquish, and terminate its right to use the business name "Afuri".
To gain clarity, a prospective Afuri Ramen Dumpling franchisee should ask the franchisor about the specific circumstances and timeline for completing and submitting this form. Understanding the conditions that trigger the need for this form is crucial for compliance and managing the business name rights effectively.