What is the date of the license agreement between Angry Chickz and its parent company regarding trademark use?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
We have entered into a license agreement dated October 12, 2023 with our Parent which allows us to use and sublicense the use of those trademarks. The agreement will continue until terminated and upon termination, our Parent will honor (or assume at licensors' option) each of your franchise agreement if it is in good standing, through the reminder of the current and all renewal and successor terms**.**
Source: Item 13 — TRADEMARKS (FDD pages 36–38)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, Angry Chickz has a license agreement with its parent company, Angry Chickz, Inc., dated October 12, 2023. This agreement allows Angry Chickz to use and sublicense the trademarks associated with the brand. The agreement remains in effect until terminated.
Upon termination of the license agreement, Angry Chickz, Inc. will honor the franchise agreements of franchisees in good standing. This means that even if the license agreement between Angry Chickz and its parent company ends, franchisees will still be able to operate their businesses under the terms of their existing franchise agreements, including any renewal or successor terms.
This arrangement provides a level of security for franchisees, as their right to operate under the Angry Chickz brand is protected even if the relationship between the company and its parent changes. Prospective franchisees should confirm the specific conditions under which the parent company would assume the franchise agreement to fully understand their rights and obligations.