When was Crawlspace Medic LLC, an affiliate of Crawlspace Medic, created?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We have an affiliated company, Crawlspace Medic LLC, a South Carolina Limited Liability Company with a principal place of business at 1049 2nd Avenue, Columbia, SC 29209. Crawlspace Medic LLC was created in August of 2014 and operates a business similar to the one being franchised. Crawlspace Medic, LLC is the owner of the Marks and has licensed use of the Marks to us.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, Crawlspace Medic LLC, an affiliate of CSM Franchise Group, LLC, was created in August 2014. This affiliated company operates a business similar to the Crawlspace Medic franchise. Crawlspace Medic LLC is the owner of the brand's service marks and licenses their use to CSM Franchise Group, LLC.
This is a common arrangement in franchising, where a separate entity owns the intellectual property and licenses it to the franchising entity. This structure can provide legal and operational benefits to the franchisor. For a prospective Crawlspace Medic franchisee, this means that the rights to use the Crawlspace Medic name and associated trademarks are secured through this licensing agreement between CSM Franchise Group, LLC and its affiliate, Crawlspace Medic LLC.
It is important for potential franchisees to understand the relationship between the franchisor and its affiliates, as it can impact the franchise system's stability and long-term prospects. Knowing that Crawlspace Medic LLC owns the trademarks and licenses them to the franchisor provides assurance that the brand is protected and that the franchisor has the legal right to grant franchisees the right to use the brand's intellectual property.