What is the procedure for an Extreme Art Studio franchisee to obtain fictitious or assumed name registrations?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
When this Franchise Agreement expires or is terminated:
(b) you agree to take the action required to cancel or assign all fictitious or assumed name or equivalent registrations relating to your use of any Mark;
(c) if you fail to do so in the required time period, you agree to allow us, without liability to you or third parties for trespass or any other claim, to remove any signs or other materials containing any Marks from any other locations used by the Franchised Business;
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
The 2024 Franchise Disclosure Document for Extreme Art Studio does not detail the procedure for a franchisee to obtain fictitious or assumed name registrations during the term of the franchise agreement. However, it does state the requirements for franchisees upon termination or expiration of the franchise agreement.
According to the FDD, when the Franchise Agreement expires or is terminated, the franchisee must take action to cancel or assign all fictitious or assumed name or equivalent registrations relating to the use of any Mark. If the franchisee fails to do so in the required time period, they agree to allow Extreme Art Studio to remove any signs or other materials containing any Marks from any other locations used by the Franchised Business without liability.
Prospective Extreme Art Studio franchisees should inquire with the franchisor about the specific steps and requirements for obtaining and maintaining fictitious or assumed name registrations during the franchise term, as this information is not provided in the FDD. Understanding these procedures is essential for ensuring compliance with local regulations and maintaining brand consistency.