What is the relationship between the Assignor and Assignee in the Deck Medic franchise agreement?
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 | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to the 2024 Deck Medic Franchise Disclosure Document, the Assignor is the franchisee, and the Assignee is the franchisor. The document specifies that the Assignor, in their role as franchisee, and the Assignee, as franchisor, are parties to a Deck Medic Business Franchise Agreement.
This distinction is crucial in understanding the obligations and rights within the franchise system. The franchisee (Assignor) is assigning specific assets, such as telephone numbers and digital media accounts, to the franchisor (Assignee). This assignment is particularly relevant upon termination or expiration of the franchise agreement, ensuring that control of these assets reverts to Deck Medic.
This arrangement allows Deck Medic to maintain brand consistency and control over key communication channels. It also ensures a smooth transition of digital assets when a franchise changes hands or ceases operation. Prospective franchisees should carefully review the terms of the Assignment of Telephone Numbers and Digital Media Accounts agreement (Exhibit 3) to fully understand the scope of assets being assigned and the implications for their business operations.