Following termination or expiration of the Hyper Kidz franchise agreement, what must franchisees do with signs containing Hyper Kidz trademarks?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
19.2.1 Upon the termination or expiration of this Agreement, you shall:
(b) remove all signs containing any Mark and return to us or destroy forms and materials containing any Mark or otherwise identifying or relating to a Hyper Kidz Business;
(c) take such action as may be required to cancel or, at our option, to transfer to us or our designee all fictitious or assumed name or equivalent registrations relating to your use of any Mark;
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, upon termination or expiration of the franchise agreement, franchisees are required to take specific actions regarding signs containing Hyper Kidz trademarks. Franchisees must remove all signs bearing any Hyper Kidz mark. Additionally, franchisees must either return or destroy any forms and materials that contain a Hyper Kidz mark or otherwise identify or relate to a Hyper Kidz business.
These requirements ensure that after a franchise agreement ends, the franchisee no longer represents themselves as being associated with the Hyper Kidz brand. This protects the integrity and uniformity of the Hyper Kidz brand by preventing any potential confusion among customers.
Furthermore, the franchisee must also take necessary actions to cancel or transfer any assumed name registrations related to the use of Hyper Kidz marks, as directed by Hyper Kidz. These measures collectively prevent the former franchisee from leveraging the Hyper Kidz brand for their own purposes after the agreement has ended.