Where in the Learningrx Franchise Disclosure Document can I find the Collateral Assignment of Telephone Numbers, Addresses, and Listings attachment?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT III TO FRANCHISE AGREEMENT
COLLATERAL ASSIGNMENT OF TELEPHONE NUMBERS, ADDRESSES, AND LISTINGS
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, the Collateral Assignment of Telephone Numbers, Addresses, and Listings is included as Attachment III to the Franchise Agreement. This attachment likely outlines the terms and conditions under which the franchisee's telephone numbers, addresses, and listings are used as collateral by Learningrx. This is a standard practice in franchising to protect the brand's presence and customer access in the event of a franchisee's default or termination.
As part of the agreement, Learningrx retains the sole rights and interest in all numbers, addresses, domain names, locators, directories, and listings used by the franchisee to promote the Learningrx system. To ensure compliance, the franchisee irrevocably appoints Learningrx as their attorney-in-fact, granting Learningrx the authority to execute directions and authorizations necessary to accomplish the assignment. This appointment is formalized through Attachment IV, further solidifying Learningrx's control over these assets.
In the event of termination, the franchisee must cease using the Learningrx marks, cancel any assumed name registrations that include the marks, and assign all domain names and internet directory listings containing the marks to Learningrx. This ensures a clean break and prevents any potential confusion or misuse of the Learningrx brand. If the franchisee fails to comply within 30 days after termination, Learningrx has the right to enter the center and remove any displays of the marks, without being charged with trespass or being held accountable for any displays or materials removed.