With whom did Dermani Medspa execute the Trademark and System License Agreement?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company executed a Trademark and System License Agreement (the Trademark Agreement) on April 22, 2019 with Lazcoz, LLC (the Licensor). The Licensor is the owner of a format and system (the System) relating to the establishment, operation, management, and franchising of medical spa centers, which operate under the "dermani MEDSPA®" name and the System. The Company has the right to sublicense the properties to third-party franchisees for the operation of dermani MEDSPA® pursuant to the execution of an approved Franchise Agreement. The Trademark Agreement commenced on the effective date of the Trademark Agreement and shall remain in effect for twenty (20) years (April 22, 2039) and shall renew automatically for successive one (1) year periods unless terminated in accordance with the Trademark Agreement.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the company executed a Trademark and System License Agreement on April 22, 2019, with Lazcoz, LLC, identified as the Licensor. This agreement grants Dermani Medspa the right to sublicense the use of the 'dermani MEDSPA®' name and system to its franchisees.
This Trademark Agreement gives Dermani Medspa the legal basis to allow franchisees to operate under its brand name and utilize its established business system. The agreement commenced on April 22, 2019, and is set to remain in effect for an initial term of twenty years, expiring on April 22, 2039.
Following the initial term, the Trademark Agreement includes a provision for automatic renewal for successive one-year periods. However, this renewal is contingent upon the agreement not being terminated in accordance with its specific terms. This detail is important for prospective franchisees as it confirms Dermani Medspa's long-term rights to the brand and system, which are crucial for the continuity of the franchise operations.