What forms must an Exit franchisee file at the Subfranchisor's direction after termination?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- (F) Franchisee shall, at Subfranchisor's direction, file the appropriate forms to abandon and/or withdraw any assumed name certificate, to cease all activities with and claims to ownership of any trade or assumed name containing any Proprietary mark or to transfer the same to Subfranchisor, and/or to change the name of its corporation, partnership, or affiliate to eliminate any reference to the System.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, after termination of the franchise agreement, a franchisee must file appropriate forms at the Subfranchisor's direction. These forms are required to abandon or withdraw any assumed name certificate.
Additionally, the franchisee must cease all activities and claims to ownership of any trade or assumed name containing any proprietary mark. They may also be required to transfer the trade or assumed name to the Subfranchisor. The franchisee might also need to change the name of their corporation, partnership, or affiliate to eliminate any reference to the Exit system.
This requirement ensures that the franchisee no longer represents themselves as being affiliated with the Exit brand after the franchise agreement ends. It protects Exit's brand identity and prevents potential confusion among customers. Franchisees should be aware of these post-termination obligations and be prepared to comply with the Subfranchisor's directions to avoid any legal issues.