Is an All States M.E.D. franchisee required to assign assumed names to the franchisor?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
- (c) 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 "All States M.E.D." or any other Mark, 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 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, a franchisee is required under certain circumstances to assign assumed names to the franchisor. Specifically, upon termination or expiration of the Franchise Agreement, the franchisee must take action to cancel or assign to All States M.E.D., at All States M.E.D.'s option, any assumed name or equivalent registration filed with state, city, or county authorities that contains the name "All States M.E.D." or any other Mark.
Furthermore, the franchisee is obligated to provide All States M.E.D. with satisfactory evidence of compliance with this obligation within thirty (30) days after the termination or expiration of the Franchise Agreement. This requirement ensures that All States M.E.D. maintains control over its brand and trademarks, preventing any potential misuse or confusion after a franchise relationship ends.
This is a fairly standard clause in franchise agreements. It protects the franchisor's brand identity and goodwill. A prospective All States M.E.D. franchisee should understand that they will need to take these steps to properly dissolve their business identity and transfer any relevant registrations back to All States M.E.D. upon the end of their franchise term.