What is the name of the agreement under which Buns On Fire licenses the Proprietary Marks?
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 Buns On Fire's 2025 Franchise Disclosure Document, the agreement under which Buns On Fire licenses the right to use Proprietary Marks is called the "License Agreement". Buns On Fire, in turn, has the right to use Proprietary Marks from SMYA Ventures LLC, the Licensor.
The License Agreement authorizes Buns On Fire 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 Buns On Fire's right to use or license the Marks to franchisees.
Either party can terminate the License Agreement unilaterally upon a material breach. If the License Agreement is terminated, Buns On Fire must immediately discontinue the use of 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.