factual

What is Exhibit 3 to the Deck Medic Franchise Agreement?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

Franchise Agreement Exhibit 3 Assignment of Telephone Numbers and Digital Media Accounts

ASSIGNMENT OF TELEPHONE NUMBERS AND DIGITAL MEDIA ACCOUNTS

(for the benefit of Deck Medic, Inc. and its assigns)

Source: Item 23 — RECEIPTS (FDD pages 43–228)

What This Means (2024 FDD)

According to Deck Medic's 2024 Franchise Disclosure Document, Exhibit 3 to the Franchise Agreement is the 'Assignment of Telephone Numbers and Digital Media Accounts.' This exhibit likely outlines the terms and conditions under which a franchisee assigns their business telephone numbers and digital media accounts to Deck Medic, Inc. This assignment probably occurs to benefit Deck Medic and its assigns, especially upon termination or transfer of the franchise agreement.

For a prospective Deck Medic franchisee, this means that upon leaving the franchise system, the phone numbers and digital media accounts they used to conduct business will revert to Deck Medic. This is a fairly standard practice in franchising, as it allows the franchisor to maintain brand consistency and control over customer communications. It is important for franchisees to understand this aspect of the agreement, as it will impact their ability to continue operating a similar business independently after the franchise term ends.

Franchisees should carefully review Exhibit 3 to understand the specific details of the assignment, including what constitutes a 'digital media account,' the process for transferring these assets, and any limitations or restrictions on their use during the franchise term. It is also important to consider the implications of this assignment for customer relationships and marketing efforts, as customers who attempt to contact the former franchisee through these channels will now be directed to Deck Medic or another franchisee.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.