What is the date of the license agreement between Boulder Designs and Mogavero Investments?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
Our affiliate, Mogavero Investments has granted us a license, dated December 1, 2017, to use and sublicense for the use of its domain name www.boulderdesigns.net. The term of the license is for 99 years; however, the license agreement may be terminated if we take any affirmative act of insolvency, if a receiver or trustee is appointed to take possession of our properties and is not discharged within 90 days, if we wind up, sell, consolidate or merge our business, or if we breach any of our duties and obligations under the license and do not cure the breach within 60 days following written notice of the breach. You will have continued right to the proprietary information even if we are terminated.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 36–37)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, the license agreement between Boulder Designs and Mogavero Investments is dated December 1, 2017. This agreement grants Boulder Designs the right to use and sublicense the domain name www.boulderdesigns.net. The license term extends for 99 years.
However, the license agreement can be terminated under specific conditions. These conditions include Boulder Designs taking any affirmative act of insolvency, the appointment of a receiver or trustee to manage its properties that isn't discharged within 90 days, the winding up, sale, consolidation, or merger of the business, or a failure to cure any breach of duties and obligations under the license within 60 days following written notice of the breach.
Importantly, the FDD states that the franchisee will retain the right to the proprietary information even if the license agreement between Boulder Designs and Mogavero Investments is terminated. This suggests that while Boulder Designs's ability to use the domain name might be affected, the franchisee's access to essential proprietary information for operating their business will not be jeopardized.