What is considered 'Franchisee IP' in the Focus Cfo franchise agreement?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
15.8. To the extent that any Franchisee IP is incorporated into the Work Product or otherwise provided to Focus CFO, Franchisee hereby grants to Focus CFO a perpetual, non-exclusive, worldwide, royalty-free, irrevocable license to use, copy, reproduce, distribute, disclose, and create derivative works of, with rights to sublicense, the Franchisee IP for Focus CFO and its affiliates' present and future business operations including to support the Chief Financial Officer services provided to Focus CFO clients. Franchisee represents and warrants that it has all authority necessary to grant the foregoing license.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, 'Franchisee IP' refers to any intellectual property that a franchisee incorporates into their work product or provides to Focus Cfo.
Specifically, the franchise agreement stipulates that if a Focus Cfo franchisee uses their own intellectual property in the work they produce or share with Focus Cfo, the franchisee grants Focus Cfo a perpetual, non-exclusive, worldwide, royalty-free, and irrevocable license to use, copy, reproduce, distribute, disclose, and create derivative works from that IP. This license also includes the right for Focus Cfo to sublicense the Franchisee IP.
This license allows Focus Cfo and its affiliates to use the Franchisee IP for their present and future business operations, including supporting the Chief Financial Officer services provided to Focus Cfo clients. The franchisee also represents and warrants that they possess the necessary authority to grant this license to Focus Cfo.