How long after termination does a Gold Star franchisee have to provide evidence of compliance with assumed name cancellation?
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 Gold Star's 2025 Franchise Disclosure Document, a franchisee must furnish evidence of compliance with assumed name cancellation within forty-five (45) days after termination. This obligation ensures that the franchisee ceases using any names or registrations that contain Gold Star's trademarks after the franchise agreement ends. This requirement is designed to protect Gold Star's brand identity and prevent any confusion among the public regarding the affiliation of the terminated franchise.
This means that upon termination of the franchise agreement, a former Gold Star franchisee has a little over a month to cancel any assumed name registrations that include Gold Star's trademarks and provide proof of this cancellation to the company. This process likely involves filing the necessary paperwork with the relevant state or local authorities and then submitting documentation of the filing to Gold Star.
It is important for prospective franchisees to understand this post-termination obligation, as failure to comply within the specified timeframe could potentially lead to legal repercussions or other enforcement actions by Gold Star to protect its brand and trademarks. Franchisees should be prepared to act promptly to fulfill this requirement upon termination of their franchise agreement.