Does Camp Margaritaville have the right to sublicense the Platform?

According to the 2025 Camp Margaritaville FDD, Margaritaville Enterprises, LLC, as the Licensor, grants Margaritaville RV Resorts, LLC, as the Licensee, the right to sublicense the Margaritaville Intellectual Property. This sublicensing is executed through Trademark Sub-License Agreements and/or Franchise Agreements with developers and operators of Camp Margaritaville-branded RV resorts. This arrangement allows Camp Margaritaville to expand its brand presence by partnering with other entities who will operate locations under the Camp Margaritaville name and standards.

This right to sublicense is subject to the terms and conditions outlined in the Trademark License Agreement. This agreement specifies that Margaritaville Enterprises, LLC owns the Margaritaville Enterprises IP Rights and is licensed by Jimmy Buffett to use and sublicense the Buffett IP Rights. The agreement ensures that the Licensee (Margaritaville RV Resorts, LLC) can grant developers and operators the right to use the Margaritaville Intellectual Property, which is crucial for maintaining brand consistency and quality across all franchised locations.

For a prospective franchisee, this sublicensing arrangement means that Camp Margaritaville has the legal framework in place to allow others to operate under its brand. However, the franchisee's right to use the Camp Margaritaville Intellectual Property is derived solely from the Franchise Agreement and is limited to the operation of the Resort at the specific site during the term of the agreement. The franchisee acknowledges that Camp Margaritaville owns all rights to the Intellectual Property, and its use must benefit Camp Margaritaville. Upon termination of the agreement, all rights to use the Intellectual Property revert back to Camp Margaritaville.