factual

What is the deadline for a Gold Star franchisee to furnish evidence of compliance with the assumed name cancellation obligation?

Gold_Star Franchise · 2025 FDD

Answer 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 Gold Star's 2025 Franchise Disclosure Document, a franchisee must furnish evidence of compliance with the assumed name cancellation obligation within forty-five (45) days after the termination of the franchise agreement. This obligation arises if the franchisee is required to cancel any assumed name or equivalent registration that contains Gold Star's marks.

This requirement ensures that upon termination of the franchise agreement, the franchisee takes the necessary steps to disassociate themselves from the Gold Star brand by formally canceling any assumed names that include Gold Star's trademarks. This prevents potential confusion among the public and protects Gold Star's brand identity.

The franchisee is responsible for providing satisfactory evidence of compliance to Gold Star within the specified timeframe. Failure to meet this obligation could potentially lead to legal repercussions or other remedies available to Gold Star as outlined in the franchise agreement. It is important for prospective franchisees to understand this post-termination obligation and factor it into their business planning.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.