What assets of the City Publications franchised business can City Publications purchase under its option?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
equivalent registration filed with state, city or county authorities which contains the name "CITY PUBLICATIONS" or any of the Marks, and Franchisee shall furnish Franchisor with evidence satisfactory to Franchisor of compliance with this obligation within thirty (30) days after termination or expiration of this Agreement.
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- Franchisee shall relinquish or transfer to Franchisor or its designee, at Franchisor's discretion, the Franchised Business telephone number and notify the telephone service provider and all listing agencies of the termination or expiration of Franchisee's rights to use any telephone number or any telephone directory listings associated with the "CITY PUBLICATIONS" name or any of the Marks and shall authorize transfer of the same to Franchisor or at Franchisor's direction.
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- Franchisor shall have the right to enter any premises leased for the Franchised Business. Additionally, upon demand by Franchisor, Franchisee shall assign (or, if an assignment is prohibited, sublease for the full remaining term and on the same terms and conditions as Franchisee's lease) its interest in the lease then in effect for the premises of the Franchised Business to Franchisor, and Franchisee shall furnish Franchisor with evidence satisfactory to Franchisor of compliance with this obligation within thirty (30) days after termination or expiration of this Agreement. Franchisor shall have the right to make rental and other payments directly to the landlord or other party to whom such payment is ultimately due.
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- Franchisee shall promptly pay all sums owing to Franchisor. In the event of termination for any default of Franchisee, such sums shall include, but not be limited to, all damages, costs and expenses, including reasonable attorneys' fees and other expenses incurred by Franchisor as a result of the default.
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- Franchisee shall pay to Franchisor all damages, costs and expenses, including reasonable attorneys' fees, incurred by Franchisor subsequent to the termination or expiration of the Franchise herein granted in obtaining injunctive or other relief for the enforcement of any provisions of this Section 19.
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Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to the 2025 City Publications Franchise Disclosure Document, upon termination or expiration of the franchise agreement, City Publications has the option to acquire certain assets of the franchised business. Specifically, City Publications can demand the transfer of the Franchised Business telephone number and requires the franchisee to notify the telephone service provider and listing agencies about the termination of the franchisee's rights to use any telephone number or directory listings associated with the "CITY PUBLICATIONS" name or any of the Marks. The franchisee must then authorize the transfer of these to City Publications.
Additionally, City Publications has the right to enter any premises leased for the Franchised Business. City Publications can also require the franchisee to assign their interest in the lease for the business premises. If an assignment is prohibited, the franchisee must sublease the premises to City Publications for the full remaining term under the same conditions as the original lease. City Publications has the right to make rental and other payments directly to the landlord or other party to whom such payment is ultimately due.
Furthermore, the franchisee must discontinue using any assumed name or equivalent registration filed with state, city, or county authorities that contains the name "CITY PUBLICATIONS" or any of the Marks. The franchisee is required to provide City Publications with satisfactory evidence of compliance with this obligation within 30 days after the termination or expiration of the agreement. These stipulations ensure that City Publications can maintain control over its brand identity and operational locations after a franchise agreement ends.