factual

What is the name of the license LearningRx, Inc. granted for franchising the Learningrx system?

Learningrx Franchise · 2025 FDD

Answer from 2025 FDD Document

LearningRx, Inc. has granted us a non-exclusive license ("Intellectual Property License") to use the intellectual property for purposes of franchising the System around the world. The Intellectual Property License extends for a one year period, commencing June 23, 2011, and the License Agreement

will automatically renew for subsequent one year periods provided that we are not in default or do not materially breach the Intellectual Property License by engaging in any activity which damages the Marks or the goodwill of the System.

Source: Item 13 — TRADEMARKS (FDD pages 35–37)

What This Means (2025 FDD)

According to Learningrx's 2025 Franchise Disclosure Document, LearningRx, Inc. granted Learningrx a non-exclusive license called the "Intellectual Property License" to use its intellectual property for franchising the Learningrx system globally. This license allows Learningrx to utilize trademarks and other intellectual property essential for operating and franchising Learningrx centers.

The Intellectual Property License has a term of one year, beginning on June 23, 2011, and it automatically renews for subsequent one-year periods. This renewal is contingent upon Learningrx remaining in good standing and not materially breaching the agreement by engaging in activities that could harm the trademarks or the goodwill associated with the Learningrx system.

This arrangement means that Learningrx's ability to franchise its system is directly tied to this license and its continued renewal. A prospective franchisee should be aware of the importance of this license and its terms, as any disruption or termination of the Intellectual Property License could significantly impact Learningrx's ability to support its franchisees. Therefore, it would be prudent for potential franchisees to inquire about the current status and long-term prospects of this license during their due diligence process.

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.