What is the date of the trademark license agreement between William Loesch and Baya Bar?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
There are no agreements currently in effect which limits William Loesch rights to the Marks, except that he has granted us the right to use and sublicense the use of the Marks via a perpetual and non-cancelable trademark license agreement between us and Mr. William Loesch dated June 1, 2018.
Source: Item 13 — TRADEMARKS (FDD pages 40–41)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the trademark license agreement between William Loesch and Baya Bar is dated June 1, 2018. This agreement grants Baya Bar the right to use and sublicense the trademarks perpetually and non-cancelably.
For a prospective franchisee, this means that Baya Bar has secured long-term rights to use its trademarks. This is a positive sign, as it reduces the risk that the brand's identity could be disrupted by trademark disputes. It also suggests that William Loesch, as the owner, has committed to the Baya Bar system by granting these rights.
It's important for franchisees to understand that while Baya Bar has the right to use the trademarks, franchisees must also adhere to the guidelines set forth in the Franchise Agreement regarding trademark usage. Franchisees are obligated to report any potential trademark infringements and cooperate with Baya Bar in protecting the trademarks. This ensures the brand's integrity and reputation are maintained across all franchise locations.