What action must a Devon Creek franchisee take regarding assumed names or equivalent registrations containing Devon Creek marks upon termination or expiration of the Franchise Agreement?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
- 18.1.3 take such action as may be necessary to cancel any assumed name or equivalent registration that contains the Mark or any other service mark or trademark of Franchisor, and Franchisee shall furnish Franchisor with evidence of compliance with this obligation which is satisfactory to Franchisor, within ten (10) days after termination or expiration of this Agreement;
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
According to the 2024 Devon Creek Franchise Disclosure Document, upon termination or expiration of the Franchise Agreement, a franchisee must take necessary actions to cancel any assumed name or equivalent registration that contains the Devon Creek mark or any other service mark or trademark of the franchisor.
Specifically, the franchisee is required to furnish Devon Creek with evidence of compliance with this obligation. This evidence must be satisfactory to Devon Creek, ensuring that the franchisor has confirmation that the franchisee has indeed canceled the assumed name or registration.
The franchisee must provide this evidence within ten (10) days after the termination or expiration of the Franchise Agreement. This short timeframe emphasizes the importance of promptly disassociating the business from the Devon Creek brand after the agreement ends, preventing any potential confusion or misuse of the brand's trademarks.