What is the date of the License Agreement between LaunchLife USA and Engineering For Kids?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
Under a License Agreement dated November 1, 2020 with LaunchLife USA, LaunchLife USA has licensed us the right to use the Proprietary Marks and to sublicense it to our franchisees for use in operating Engineering For Kids Businesses The license agreement is perpetual, but either we or LaunchLife USA may terminate it with 30 days' notice to the other. However, termination of the license agreement will not affect existing franchise agreements as LaunchLife USA will permit franchisees to continue operating under the terms of their existing franchise agreements. No other agreement limits our right to use or license the Proprietary Marks.
Source: Item 13 — TRADEMARKS (FDD pages 41–42)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the License Agreement between LaunchLife USA and Engineering For Kids is dated November 1, 2020. This agreement grants Engineering For Kids the right to use and sublicense the Proprietary Marks to its franchisees for operating their Engineering For Kids businesses.
The license agreement is perpetual, meaning it has no fixed end date. However, either Engineering For Kids or LaunchLife USA can terminate the agreement with 30 days' notice to the other party. Despite the termination clause, the FDD states that the termination of the license agreement will not affect existing franchise agreements. LaunchLife USA will allow franchisees to continue operating under the terms of their existing franchise agreements, even if the overarching license between LaunchLife USA and Engineering For Kids is terminated.
This arrangement provides a level of security for franchisees. Even if the relationship between Engineering For Kids and its parent company, LaunchLife USA, changes, the franchisee's right to use the trademarks and operate their business under the Engineering For Kids brand is protected. This detail is important for prospective franchisees to understand, as it clarifies the conditions under which they can continue to operate, regardless of potential changes at the franchisor level.