What is the date of the license agreement between Jimmy Buffett and Margaritaville Enterprises regarding Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Jimmy Buffett, along with his entity, Coral Reefer Music and all other entities majority owned and controlled by Jimmy Buffett, granted an exclusive right to use and sublicense, in connection with hospitality and other businesses, any of his compositions, current and future photographic works, books, articles, films, videos and other audio-visual works, artwork, drawings, recipes, and other works of authorship solely owned and controlled by Jimmy Buffett ("Buffett Works") along with the non-exclusive rights to use his personality, including his name, image, likeness, signature, photograph, gestures, distinctive appearances, and mannerisms ("Buffett Personality Rights") (collectively "Buffett IP Rights") to Margaritaville Enterprises, pursuant to a license agreement dated February 27, 2014. Jimmy Buffett's rights and
obligations under the license agreement have been assumed by The James W. Buffett 1990 Trust (as amended) (the "Trust"). Margaritaville Enterprises then sublicensed the use of the Buffett IP Rights to Camp Margaritaville Resorts for the purposes of creating, operating, and franchising the Camp Margaritaville System and other related purposes pursuant to a sublicense agreement dated January 14, 2019. Jimmy Buffett did not (and the Trust does not) receive any compensation in connection with his consent to use his personality rights and music material in this manner, other than royalties ordinarily paid to music publishers, record companies, book publishers and their respective contributors (e.g., songwriters, recording artists, authors) for the exploitation of audio recordings, video recordings, audiovisual recordings and books that may be made in connection with the branded RV resorts. Additionally, the Trust is an owner of Margaritaville Holdings LLC, the parent company of Margaritaville Enterprises. As such, the Trust may receive an indirect financial benefit from fees paid by franchisees to us. Neither Jimmy Buffett nor the Trust has not made any direct investment in us.
Source: Item 18 — PUBLIC FIGURES (FDD pages 68–69)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville FDD, the license agreement between Jimmy Buffett and Margaritaville Enterprises is dated February 27, 2014. This agreement grants Margaritaville Enterprises the exclusive right to use and sublicense Jimmy Buffett's compositions, photographic works, and other works of authorship, as well as non-exclusive rights to use his personality, including his name, image, and likeness.
This license is significant for Camp Margaritaville franchisees because it allows Margaritaville Enterprises to sublicense these rights to Camp Margaritaville Resorts. This sublicense enables the resorts to incorporate Jimmy Buffett's intellectual property and persona into the Camp Margaritaville System, enhancing the brand's appeal and creating a distinct atmosphere. The FDD specifies that Jimmy Buffett's rights and obligations under the license agreement have been assumed by The James W. Buffett 1990 Trust.
The sublicense agreement between Margaritaville Enterprises and Camp Margaritaville Resorts for the use of Buffett's IP Rights is dated January 14, 2019. It's important to note that neither Jimmy Buffett nor the Trust receives direct compensation for the use of his personality rights and music material, other than standard royalties paid to music publishers and contributors. However, the Trust, as an owner of Margaritaville Holdings LLC, may indirectly benefit financially from fees paid by franchisees to Camp Margaritaville.