What is the name of the affiliated company of Cilantro Taco Grill that owns the Marks?
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 is an affiliated company that owns certain of Cilantro Taco Grill's Marks. CTG IP LLC, an Illinois limited liability company, was formed on December 21, 2022, and is headquartered at the same address as Cilantro Taco Grill.
CTG IP LLC has granted Cilantro Taco Grill an exclusive license to use these Marks. This arrangement is common in franchising, where a separate entity owns the intellectual property and licenses it to the operating company to protect the brand assets.
Prospective franchisees should understand the relationship between Cilantro Taco Grill and CTG IP LLC, as it clarifies who controls the brand's intellectual property. This structure can impact future decisions regarding the brand and its trademarks.