Where can I find the definition of 'IP Rights' within the Focus Cfo Franchise Agreement?

According to the 2025 Focus Cfo Franchise Disclosure Document, the definition of 'IP Rights' can be found in Attachment A to the Franchise Agreement, specifically in Section 15.7. Attachment A provides definitions for key terms used throughout the agreement to ensure clarity and avoid ambiguity.

For a prospective Focus Cfo franchisee, understanding the definition of 'IP Rights' is crucial because it pertains to intellectual property rights related to the Work Product developed while marketing or offering CFO services. Section 15.7 clarifies that 'IP Rights' refers to all rights of registrations, applications, and renewals, whether registered or unregistered.

This definition is important because, as stated in section 15.7, the franchisee assigns all rights, titles, and interests worldwide in the Work Product, including any IP Rights, to Focus CFO. Focus CFO will have the exclusive right to secure copyright, patent, trademark, or other intellectual property rights and protection. This means that any materials developed by the franchisee in the course of their work for Focus Cfo clients become the property of Focus Cfo, not the franchisee, with Focus CFO having the right to assign such rights to the Focus CFO client.

Therefore, a franchisee should be aware that they are granting Focus Cfo ownership of the intellectual property created during their work under the franchise agreement. Franchisees should carefully review Section 15.7 and Attachment A to fully understand their obligations and rights regarding intellectual property.