factual

What is the Effective Date of the License Agreement referenced in the Camp Margaritaville FDD?

Camp_Margaritaville Franchise · 2025 FDD

Answer from 2025 FDD Document

This TRADEMARK LICENSE AGREEMENT (this "Agreement"), dated as of this 4th day of April, 2019, is entered into by and between MARGARITAVILLE ENTERPRISES, LLC, a Delaware limited liability company ("Licensor"), and MARGARITAVILLE RV RESORTS, LLC, a Delaware limited liability company ("Licensee").

WHEREAS, Licensor is the exclusive owner of the Margaritaville Enterprises IP Rights and is licensed by Jimmy Buffett to use and sublicense the Buffett IP Rights;

WHEREAS, Licensee desiresto have the right to sublicense the Margaritaville Intellectual Property pursuant to Trademark Sub-License Agreements and/or Franchise Agreements to developers and operators of Camp Margaritaville-branded RV resorts (each, a "Trademark Agreement"; and collectively, the "Trademark Agreements"); and

WHEREAS, subject to the terms and conditions hereof, Licensor is willing to grant to Licensee the right to use the Margaritaville Intellectual Property for the purpose of sublicensing such Margaritaville Intellectual Property, as set forth in the Trademark Agreements;

NOW, THEREFORE, in consideration of the mutual promises, covenants and conditions contained herein, it is hereby agreed as follows:

Source: Item 23 — RECEIPTS (FDD pages 72–406)

What This Means (2025 FDD)

According to Camp Margaritaville's 2025 Franchise Disclosure Document, the Trademark License Agreement between Margaritaville Enterprises, LLC, and Margaritaville RV Resorts, LLC, is dated as of April 4, 2019. This agreement grants Margaritaville RV Resorts, LLC, the right to sublicense the Margaritaville Intellectual Property to developers and operators of Camp Margaritaville-branded RV resorts through Trademark Agreements.

The agreement outlines that Margaritaville Enterprises, LLC, owns the Margaritaville Enterprises IP Rights and is licensed by Jimmy Buffett to use and sublicense the Buffett IP Rights. Margaritaville RV Resorts, LLC, desires to sublicense the Margaritaville Intellectual Property through Trademark Sub-License Agreements and/or Franchise Agreements to developers and operators of Camp Margaritaville-branded RV resorts.

The document specifies that the Licensor is willing to grant the Licensee the right to use the Margaritaville Intellectual Property for the purpose of sublicensing such Margaritaville Intellectual Property, as set forth in the Trademark Agreements, subject to the terms and conditions outlined in the agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.