How long does an Engel & Volkers franchisee have to cancel any assumed name registration after termination or expiration of the agreement?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 21.1.3 immediately remove the name ENGEL & VÖLKERS®, ENGEL & VOELKERS, E&V® or EV from its business name, if one of those names appears in its business name, and take all necessary action to cancel any assumed name or equivalent registration and any registered user agreement which pertains to the franchised Business and contains or pertains to the name "ENGEL & VÖLKERS" or any other Trademark of Franchisor, or any variant, within fifteen (15) days following termination or expiration of this Agreement.
Franchisee must furnish Franchisor with evidence satisfactory to Franchisor of compliance with this obligation within thirty (30) days after termination or expiration of this Agreement.
If Franchisee fails to do so within thirty (30) days following the date of termination or expiration, Franchisor may, in Franchisee's name, on Franchisee's behalf and at Franchisee's expense, sign all documents necessary to cause discontinuance of Franchisee's use of the name "ENGEL & VÖLKERS" or any other Trademark or any variant with respect to the franchised Business.
Franchisee irrevocably appoints Franchisor as Franchisee's attorney-in-fact to do so;
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, a franchisee has a 15-day window after the termination or expiration of their franchise agreement to cancel any assumed name or equivalent registration that contains the Engel & Volkers name or trademarks. This requirement ensures that the franchisee ceases to represent themselves as part of the Engel & Volkers brand promptly after the agreement ends.
Furthermore, the Engel & Volkers franchisee must provide evidence of compliance with this obligation to Engel & Volkers within 30 days after the termination or expiration date. If the franchisee fails to provide this evidence within the specified timeframe, Engel & Volkers reserves the right to act on behalf of the franchisee to ensure the discontinuance of the use of the Engel & Volkers name or trademarks.
Engel & Volkers also has the right to take action to discontinue the use of its name or trademarks at the franchisee's expense. To facilitate this, the franchisee irrevocably appoints Engel & Volkers as their attorney-in-fact, granting them the authority to sign necessary documents to cease the use of the Engel & Volkers name or any related trademarks. This measure protects Engel & Volkers' brand identity and prevents unauthorized use of its trademarks after a franchise agreement concludes.