When did the Principal purchase the intellectual property rights to the Cinch I.T. trademarks?

According to Cinch I.T.'s 2024 Franchise Disclosure Document, the Principal purchased the intellectual property rights to the Cinch I.T. trademarks in June 2015. These rights, along with other related assets, were acquired from an unrelated third party, Clark Empire, Inc., located in Worcester, Massachusetts. This acquisition is a key event in the history of the Cinch I.T. brand, as it marks the point when the current ownership gained control of the brand's intellectual property.

For a prospective franchisee, this information provides insight into the background of the Cinch I.T. franchise system. Knowing when and from whom the trademarks were acquired can be useful in assessing the brand's history and stability. It also confirms that the franchisor has taken steps to secure the intellectual property necessary to operate the franchise system.

It is worth noting that the Principal acquired the trademarks several years before Cinch Franchise, LLC was formed in 2019 to offer franchises. This suggests that the concept and intellectual property were developed and secured before the formal franchising operation was established. Understanding the timeline of these events can help a potential franchisee evaluate the maturity and experience of the Cinch I.T. franchise system.