What is the deadline for a Gold Star franchisee to cancel any assumed name registration containing the Marks after termination?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
- 15.1.6 FRANCHISEE shall take such actions as shall be necessary to cancel any assumed name or equivalent registration which contains the Marks and shall furnish the COMPANY evidence satisfactory to the COMPANY of compliance with this obligation within forty-five (45) days after said termination.
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to the 2025 Gold Star Franchise Disclosure Document, a franchisee must cancel any assumed name or equivalent registration that contains Gold Star's marks within 45 days after termination. The franchisee is also required to provide Gold Star with evidence of compliance with this obligation.
This requirement ensures that upon termination, the franchisee completely disassociates from the Gold Star brand. This prevents any potential confusion among customers and protects Gold Star's trademarks and brand identity. The quick turnaround time emphasizes the importance of a clean break between the franchisee and the franchise.
Failure to comply with this requirement could lead to legal repercussions and potential damages, as Gold Star aims to protect its brand and prevent unauthorized use of its marks. Franchisees should be aware of this obligation and take the necessary steps to cancel any relevant registrations promptly upon termination to avoid any issues.