In the Deck Medic receipt form, who is designated as the assignee?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
has executed this Agreement as of the date or dates set forth below.
| Individual Signature of Restricted Party | Individual Signature of Restricted Party | ||||
|---|---|---|---|---|---|
| Name (please print) | Name (please print) | ||||
| Date: | Date: |
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)
| Business Franchise System"); | WHEREAS, Assignee is the franchisor of the Deck Medic |
|---|---|
| Business franchise system (the "Deck Medic WHEREAS, Assignor, as franchisee, and Assignee, as franchisor, are parties to a Deck Medic Business Franchise Agreement (the "Franchise Agreement"); | |
| WHEREAS, the term "Digital Media" shall refer to and mean | |
| any interactive or static digital document, | |
| listing, directory, application, advertisement, link, metadata, or media that is transmitted | |
| within a closed or | |
| private network, or that is connected to, in communication with, and/or networked with computers, | |
| applications, or other devices linked by communications systems, data systems, a part of the world wide | |
| web including, traditional websites, web based applications, distributed databases, including, blockchain, | |
| software applications, smart phone applications, or social media platforms such as Facebook, LinkedIn, | |
| Twitter, Pinterest, Instagram, SnapChat, TikTok, and YouTube, that refers, references, identifies, reviews, | |
| promotes and/or relates, in any way, to a Deck Medic | |
| Business, Deck Medic | |
| Businesses, Assignor's Deck | |
| Medic | |
| Business and/or trademarks associated with the Deck Medic | |
| Business, the Deck Medic | |
| Business | |
| Franchise System | |
| and/or Assignee; | |
| and | WHEREAS, in connection with Assignor's establishment and operation of a Deck Medic Business, Assignor will be utilizing accounts, information, phone numbers and Digital Media subject to strict requirements set forth in the Franchise Agreement. |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the assignee in the context of the receipt form is the franchisor. Specifically, the document references an "Assignment of Telephone Numbers and Digital Media Accounts" agreement, where the franchisee (Assignor) assigns telephone numbers and digital media to the franchisor (Assignee). This assignment is in exchange for consideration provided by the franchisor to the franchisee.
This arrangement means that upon entering into a Deck Medic franchise agreement, the franchisee transfers control of business-related telephone numbers and digital media accounts to Deck Medic. This transfer likely ensures brand consistency and control over the franchise's online presence. It also allows Deck Medic to manage and direct customer inquiries and marketing efforts more effectively.
For a prospective Deck Medic franchisee, this implies that they will not own or control the digital assets and telephone numbers associated with their franchise. Instead, they will be utilizing accounts and information subject to the requirements set forth in the Franchise Agreement. Upon termination or transfer of the franchise, these assets revert back to Deck Medic, ensuring a clean transition and preventing potential misuse of the brand or customer data.