factual

What is the 'Assignment' in the context of a Deer Solution franchise?

Deer_Solution Franchise · 2025 FDD

Answer from 2025 FDD Document

  • "Assignment of Telephone Numbers and Digital Media Accounts" refers to and means the Assignment of Telephone Numbers and Digital Media Accounts agreement attached to this Agreement as Exhibit 3.

Source: Item 23 — RECEIPTS (FDD pages 55–246)

What This Means (2025 FDD)

According to Deer Solution's 2025 Franchise Disclosure Document, the "Assignment of Telephone Numbers and Digital Media Accounts" refers to the agreement attached as Exhibit 3 to the Franchise Agreement. This assignment pertains to the transfer of telephone numbers and digital media accounts to Deer Solution Franchising LLC (the Assignee) for their benefit and the benefit of their assigns.

Upon termination or expiration of the Franchise Agreement, this assignment automatically becomes effective. This ensures that Deer Solution maintains control and access to all digital media, digital media accounts, and related login information associated with the Deer Solution Business. Third parties can rely on the written declaration of Deer Solution Franchising LLC as proof of the Franchise Agreement's termination or expiration, which is considered dispositive and not subject to challenge.

This assignment is designed to authorize and permit the transfers of accounts and media under the control of Deer Solution. However, the document clarifies that the assignment should not be interpreted as an acknowledgment that the franchisee (Assignor) possesses any ownership interests in the telephone numbers, accounts, or digital media. Any rights of the franchisee are subject to a limited license under the Franchise Agreement, which takes precedence over the assignment in case of any conflict. The utilization of this assignment is at the sole discretion and benefit of Deer Solution.

Disclaimer: This information is extracted from the 2025 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.