When was CTG IP LLC, the affiliated company of Cilantro Taco Grill, formed?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
We have an affiliated company, CTG IP LLC, an Illinois limited liability company headquartered at our address. CTG IP LLC was formed on December 21, 2022 and is the owner of certain of our Marks and has exclusively licensed use of the Marks to us. CTG IP LLC has not offered franchises in this or in any other line of business previously.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, CTG IP LLC, an affiliated company, was formed on December 21, 2022. This affiliated company is an Illinois limited liability company with its headquarters at the same address as the franchisor, CTG Franchise LLC. CTG IP LLC plays a crucial role in the Cilantro Taco Grill franchise system as the owner of certain trademarks associated with the brand.
CTG IP LLC exclusively licenses the use of these marks to CTG Franchise LLC, which is the entity that grants franchises to operate Cilantro Taco Grill restaurants. This arrangement is common in franchising, where a separate entity owns the intellectual property and licenses it to the franchising company. This structure can provide certain legal and financial benefits to the overall franchise system.
Prospective franchisees should understand the relationship between CTG Franchise LLC and CTG IP LLC, as it clarifies who owns and controls the brand's intellectual property. This information is important for assessing the long-term stability and security of the Cilantro Taco Grill franchise opportunity. Franchisees rely on the strength and protection of the brand's trademarks, and knowing that these are owned and managed by a dedicated entity can be reassuring.