Upon termination of a Crawlspace Medic franchise, what must a franchisee do with their assumed name registration?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
operation; or terminate the Franchise Agreement without cause.
| Section in | |||
|---|---|---|---|
| Franchise | |||
| Provision | Agreement | Summary | |
| i. | Franchisee's obligations on termination/ non-renewal | Article 18 | Upon termination, you must: cease operations; cease to identify yourself as a Crawlspace Medic franchisee; cease to use the Marks; cancel any assumed name registration that contains any Mark; pay us and our affiliates all sums owing; pay us any damages, costs or expenses we incur in obtaining any remedy for any violation of the Franchise Agreement by you, including, but not limited to attorney's fees; deliver to us all Confidential Information, the Operations Manual and all records and files related to your Franchised Business; comply with the non-disclosure and non competition covenants; sell to us, at our option, all furnishing, fixtures, equipment, inventory and supplies of your Franchised Business; and assign, at our option, your telephone numbers, directory and internet listings, and social media and software accounts. We also reserve the right |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 33–38)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, upon termination of the franchise agreement, a franchisee must cancel any assumed name registration that contains any mark. This requirement is part of the franchisee's obligations following the termination or non-renewal of the franchise agreement.
This obligation ensures that the franchisee no longer uses the Crawlspace Medic brand name or associated trademarks after the agreement ends. By canceling the assumed name registration, the franchisee legally relinquishes any rights to operate under a name that could be confused with the Crawlspace Medic brand. This protects the integrity of the Crawlspace Medic brand and prevents potential customer confusion.
In addition to canceling the assumed name registration, the franchisee must also cease operations, stop identifying as a Crawlspace Medic franchisee, discontinue using the marks, pay all outstanding sums to Crawlspace Medic and its affiliates, cover any damages or expenses incurred by Crawlspace Medic in enforcing the agreement, return all confidential information and the operations manual, adhere to non-disclosure and non-competition covenants, and potentially sell business assets to Crawlspace Medic at their option.