Under the Trademark Agreement, does Dermani Medspa have the right to sublicense the properties to third-party franchisees?
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 the 2025 Dermani Medspa Franchise Disclosure Document, Dermani Medspa has the right to sublicense its properties to third-party franchisees. Specifically, Dermani Medspa executed a Trademark and System License Agreement with Lazcoz, LLC on April 22, 2019. This agreement grants Dermani Medspa the right to sublicense properties to third-party franchisees for operating Dermani Medspa centers, provided they execute an approved Franchise Agreement.
The Trademark Agreement remains in effect for an initial term of twenty years, set to expire on April 22, 2039. After this initial term, the agreement automatically renews for successive one-year periods unless terminated according to the terms outlined within the Trademark Agreement itself.
This arrangement allows Dermani Medspa to expand its franchise network by granting sublicenses, while adhering to the conditions and terms established in both the Trademark Agreement with Lazcoz, LLC, and the Franchise Agreements with individual franchisees.