What is the full legal name of the company that licenses the Proprietary Marks to Buns On Fire?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
We license the right to use Proprietary Marks from SMYA Ventures LLC ("Licensor"). All of the Marks are licensed to us pursuant to a License Agreement with Licensor (the "License Agreement"). In the License Agreement, Licensor authorizes us to use the Marks in connection with the offer, sale, and support of Franchise Businesses. The License Agreement does not contain any significant limitations on our right to use or license the Marks to you and may be terminated unilaterally by either party upon a material breach of the License Agreement. Upon termination of the License Agreement, we must immediately discontinue the use of the Marks, and no arrangement regarding the assignment of all of our franchise agreements licensing the use of the Marks to Licensor and Licensor's assumption of all obligations under such agreements arising from and after their assignment is contained in the License Agreement.
Source: Item 13 — TRADEMARKS (FDD pages 35–37)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, the company that licenses the Proprietary Marks to Buns On Fire is SMYA Ventures LLC. Buns On Fire, as the franchisee, is granted the right to use these marks for their franchise business, but they cannot incorporate any of the marks into their business's legal name.
Buns On Fire's right to use the Proprietary Marks is derived from a License Agreement between Buns On Fire and SMYA Ventures LLC. This agreement authorizes Buns On Fire to use the marks for offering, selling, and supporting franchise businesses. The License Agreement can be terminated by either party if there is a material breach.
It is important for a prospective Buns On Fire franchisee to understand that their right to use the Proprietary Marks is contingent upon the License Agreement between Buns On Fire and SMYA Ventures LLC. If this agreement is terminated, Buns On Fire must discontinue using the marks. The License Agreement does not contain any arrangement regarding the assignment of all of Buns On Fire's franchise agreements licensing the use of the Marks to Licensor and Licensor's assumption of all obligations under such agreements arising from and after their assignment is contained in the License Agreement.