What is the effective date of the trademark license agreement between Lynx IP and Bumble Roofing?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Lynx IP has granted us the perpetual right to use and sublicense others to use the principal Marks, as well as other Marks under a trademark license agreement with an effective date of August 4, 2023. Lynx IP may terminate the trademark agreement if any misuse of these Marks materially impairs the goodwill associated with these Marks, if we violate any provision of the license agreement or we do not comply with Lynx IP's instruction concerning the quality of these Marks. If the trademark agreement is terminated, any then-existing sublicenses (franchises) will continue for the term of the sublicenses, provided that the sublicensees (franchisees) comply with all other terms of their franchise agreements. The trademark license agreement contains no other limitations.
Source: Item 13 — TRADEMARKS (FDD pages 39–40)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the trademark license agreement between Lynx IP and Bumble Roofing has an effective date of August 4, 2023. Lynx IP, an affiliate, granted Bumble Roofing the perpetual right to use and sublicense the principal marks and other marks.
This agreement is subject to certain termination conditions. Lynx IP can terminate the agreement if Bumble Roofing misuses the marks in a way that significantly harms the goodwill associated with them, violates any provision of the license agreement, or fails to comply with Lynx IP's instructions regarding the quality of the marks. However, if the trademark agreement is terminated, any existing franchise agreements (sublicenses) will continue for their term, provided the franchisees comply with all other terms of their agreements.
This arrangement is typical in franchising, where a parent company or affiliate owns the intellectual property and licenses it to the operating company that grants franchises. The continuation of franchise agreements despite a potential termination of the trademark license provides some security for franchisees. However, prospective franchisees should carefully review the franchise agreement and trademark license terms to understand their rights and obligations regarding trademark use and the potential impact of a termination of the license agreement.