When does the Trademark Agreement between Dermani Medspa and Lazcoz, LLC initially expire?
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 Trademark Agreement between Dermani Medspa Franchising, LLC and Lazcoz, LLC commenced on April 22, 2019. The agreement remains in effect for an initial term of twenty years.
Therefore, the Trademark Agreement is scheduled to initially expire on April 22, 2039. After this initial 20-year term, the agreement automatically renews for successive one-year periods.
This agreement is crucial for Dermani Medspa franchisees because it grants Dermani Medspa Franchising, LLC the right to sublicense the trademarks and system necessary for franchisees to operate their own Dermani Medspa centers. The automatic renewal clause provides some assurance of continued trademark and system access, but franchisees should understand the conditions under which the Trademark Agreement could be terminated, as this would impact their ability to operate under the Dermani Medspa brand.