Under what agreement does DL IP Holdings, LLC license the trademarks to Deka Lash?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
DL IP Holdings, LLC owns the trademarks listed in the chart above and licenses it to us pursuant to a written License Agreement effective July 6, 2019, and amended on August 19, 2019. The License Agreement is for one-year terms that automatically renew unless terminated by either party at any time for any reason upon a 30-day written notice to the other party. If the License Agreement was terminated, you could lose the right to use the trademarks licensed to us under the License Agreement. There are no other currently effective agreements that significantly limit our rights to use or license the use of our trademarks listed in this section.
Source: Item 13 — TRADEMARKS (FDD pages 44–45)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, DL IP Holdings, LLC licenses the trademarks to Deka Lash under a written License Agreement. This agreement became effective on July 6, 2019, and was amended on August 19, 2019. The License Agreement has a term of one year, but it automatically renews unless either party decides to terminate it. Termination can occur at any time, provided that the terminating party gives a 30-day written notice to the other party.
For a prospective Deka Lash franchisee, this licensing agreement is crucial because it grants Deka Lash the right to use the trademarks. If this License Agreement were to be terminated, Deka Lash could lose the right to use these trademarks. This could significantly impact a franchisee's ability to operate under the Deka Lash brand and could affect their business.
It is important to note that there are no other currently effective agreements that significantly limit Deka Lash's rights to use or license the use of their trademarks. This provides some assurance that the rights to use the trademarks are secure, as long as the primary License Agreement remains in effect. Franchisees should be aware of the terms of this agreement and the potential consequences of its termination, as it directly affects their ability to operate under the Deka Lash brand.