What is the business address of Fitstop IP Pty Limited, the TM Owner for Fitstop?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Both we and Affiliate Franchisor have the right to license the Proprietary Marks in connection with our respective franchise systems pursuant to a license agreement with our affiliate, Fitstop IP Pty Limited (the "TM Owner"), an Australia company with a business address at 51 Manilla Street, East Brisbane, Queensland 4169, Australia. TM Owner holds the ownership rights associated with the Proprietary Marks and certain other System intellectual property, and licenses the same to us as disclosed more fully in Item 12 of the Disclosure Document.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–9)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, Fitstop IP Pty Limited, the TM Owner, is an Australian company with a business address at 51 Manilla Street, East Brisbane, Queensland 4169, Australia. Fitstop IP Pty Limited holds the ownership rights to the Proprietary Marks and certain other System intellectual property. They license these rights to Fitstop USA, Inc., the franchisor, and Fitstop Australia Pty Ltd, the Affiliate Franchisor, allowing both entities to operate their respective franchise systems. This licensing agreement is further detailed in Item 12 of the Disclosure Document.
For a prospective franchisee, this means that the intellectual property and branding of Fitstop are managed by a separate entity, Fitstop IP Pty Limited. The success of your Fitstop franchise depends on the strength and protection of these Proprietary Marks. Understanding the relationship between Fitstop USA, Inc., Fitstop IP Pty Limited, and Fitstop Australia Pty Ltd is crucial, as it clarifies who owns and controls the brand and system you will be using.
It is also important to note that Fitstop Holdings Pty Limited, the Parent company of Fitstop USA, Inc., shares a principal business address at 51 Manilla St., East Brisbane Qld 4169 Australia. This may indicate a close relationship between the TM Owner, the Parent company and the Affiliate Franchisor, which could influence the strategic direction and support provided to franchisees. A prospective franchisee should review Item 12 of the FDD for more details on the licensing agreement and intellectual property rights.