What does Attachment E evidence regarding the Canopy Lawn Care franchise agreement?
Canopy_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT E TO FRANCHISE AGREEMENT
COLLATERAL ASSIGNMENT OF TELEPHONE NUMBERS AND TELEPHONE LISTINGS AND INTERNET ADDRESSES
THIS ASSIGNMENT is entered into this day of 20, in accordance with the terms of the Canopy® Franchise Agreement ("Franchise Agreement") between ("Franchisee") and CANOPY FRANCHISE CORPORATION, ("Franchisor"), executed concurrently with this Assignment, under which Franchisor granted Franchisee the right to own and operate a Lawn Care Business located at FOR VALUE RECEIVED, Franchisee hereby assigns to Franchisor (1) those certain telephone numbers and regular, classified or other telephone directory listings (collectively, the "Telephone Numbers and Listings") and (2) those certain Internet website addresses ("URLs") associated with Franchisor's trade and service marks and used from time to time in connection with the operation of the Lawn Care Business, as defined in the Franchise Agreement, at the address provided above. This Assignment is for collateral purposes only and, except as specified herein, Franchisor shall have no liability or obligation of any kind whatsoever arising from or in connection with this Assignment, unless Franchisor shall notify the telephone company and/or the listing agencies with which Franchisee has placed telephone directory listings (all such entities are collectively referred to herein as "Telephone Company") and/or Franchisee's internet service provider ("ISP") to effectuate the assignment pursuant to the terms hereof.
Upon termination or expiration of the Franchise Agreement (without the extension of Franchisee's rights to operate the Lawn Care Business), Franchisor shall have the right and is hereby empowered to effectuate the assignment of the Telephone Numbers and Listings and the URLs, and, in such event, Franchisee shall have no further right, title or interest in the Telephone Numbers and Listings and URLs, and shall remain liable to the Telephone Company and the ISP for all past due fees owing to the Telephone Company and the ISP on or before the effective date of the assignment hereunder.
Source: Item 22 — CONTRACTS (FDD page 55)
What This Means (2025 FDD)
According to the 2025 FDD, Attachment E to the Canopy Lawn Care franchise agreement concerns the collateral assignment of telephone numbers, telephone listings, and internet addresses. This agreement, entered into concurrently with the Franchise Agreement, stipulates that the franchisee assigns to Canopy Lawn Care certain telephone numbers and listings, as well as internet website addresses (URLs) associated with Canopy Lawn Care's trade and service marks. This assignment serves as collateral. Canopy Lawn Care clarifies it has no liability or obligation unless it notifies the telephone company or internet service provider to enact the assignment.
Upon termination or expiration of the Canopy Lawn Care Franchise Agreement, Canopy Lawn Care has the right to effectuate the assignment of the Telephone Numbers and Listings and the URLs. At that point, the franchisee loses all rights to these assets but remains responsible for any outstanding fees owed to the Telephone Company and ISP up to the assignment date.
This attachment ensures that Canopy Lawn Care retains control over the phone numbers, listings, and URLs associated with the business, which are critical for maintaining brand consistency and customer reach. This is a fairly standard practice in franchising, as it protects the franchisor's brand identity and customer relationships when a franchise agreement ends.