Under what conditions can the license agreement for the domain name www.boulderdesigns.net be terminated for Boulder Designs?
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, dated December 1, 2017, for the domain name www.boulderdesigns.net, granted to Boulder Designs by Mogavero Investments, has a term of 99 years. However, the agreement can be terminated under specific circumstances.
The license agreement can be terminated if Boulder Designs takes any affirmative act of insolvency. It can also be terminated if a receiver or trustee is appointed to take possession of Boulder Designs's properties, and that appointment is not discharged within 90 days. Further conditions for termination include Boulder Designs winding up its business, selling, consolidating, or merging the business.
Finally, the license agreement can be terminated if Boulder Designs breaches any of its duties and obligations under the license and fails to cure the breach within 60 days following written notice of the breach. Even if the license agreement is terminated, franchisees will retain the right to the proprietary information.