Who bears the cost of cancelling fictitious names related to Casiola's Licensed Marks?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
- (8) Take all actions necessary and/or reasonably required to cancel all fictitious or assumed names or equivalent registrations relating to the Licensed Marks;
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the franchisee is responsible for the costs associated with canceling any fictitious or assumed names related to Casiola's Licensed Marks. Specifically, the franchisee must take all necessary actions to cancel these names or registrations.
This requirement is part of the franchisee's obligations upon termination, expiration, or transfer of the franchise agreement. It ensures that the franchisee's association with the Casiola brand is completely discontinued, preventing any potential confusion among the public regarding the continued operation of a Casiola business at the former location.
This obligation is at no cost to the franchisor. The franchisee bears the risk and expense of these actions. This is a fairly standard practice in franchising, as the franchisee typically assumes responsibility for winding down their business operations and ensuring proper separation from the franchisor's brand and trademarks.