Until what date does the initial term of the Trademark Agreement for Dermani Medspa remain in effect?
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 the company and Lazcoz, LLC, which was executed on April 22, 2019, remains in effect for an initial term of twenty years. This means the initial term of the Trademark Agreement will remain in effect until April 22, 2039.
This agreement grants Dermani Medspa the right to sublicense the use of the 'dermani MEDSPA®' name and system to its franchisees. After the initial 20-year term, the Trademark Agreement automatically renews for successive one-year periods unless terminated according to the agreement's terms.
For a prospective Dermani Medspa franchisee, this indicates that the company has secured the rights to use the brand's trademark and system for at least 20 years from the agreement's commencement date, providing a level of stability and assurance regarding brand usage rights. Franchisees should review the full Trademark Agreement to understand the conditions under which it could be terminated, as this could impact their ability to operate under the Dermani Medspa brand.