Who is bound by the Assignment and its provisions related to Spray Net?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
- , doing business as Franchised Business (the "Assignor"), in exchange for valuable consideration provided by SPRAY-NET INC. (the "Assignee"), receipt of which ishereby acknowledged hereby conditionally assigns to Assignee all telephone numbers, facsimile numbers,domain names, as well as any listings associated therewith, utilized by Assignor in the operation of its SPRAY-NET franchised business located at (collectively, the"Assigned Property"). The Assigned Property includes the following: Telephone Number(s): Facsimile Number(s): Domain Name(s) (as permitted by Franchisor under the Franchise Agreement): 2. The conditional agreement will become effective automatically upon termination, Upon the occurrence of that condition, Assignor must do expiration of Assignor's franchise. all things required by the telephone company and/or domain name registrar to assure the effectiveness of the assignment of Assigned Property as if the Assignee had been originally issued such Assigned Property andthe usage thereof. 3. telephone Assignor company agrees and/or to domain pay the registrar, on or beforethe effective date of assignment, all amounts owed for the use of the Assigned Property up to the date thisAssignment becomes effective. Assignor further agrees to indemnify Assignee for any sums Assignee mustpay the telephone company or domain name registrar to effectuate this agreement, and agrees to fully cooperate with the telephone company and/or domain effectuating this assignment. name registrar, as well as the Assignee, in ASSIGNOR ASSIGNEE SPRAY-NET INC. Carmelo Marsala, President
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the Conditional Assignment of Telephone Numbers and Domain Names (Exhibit F) binds the Assignor, identified as the franchisee doing business as the franchised business, and the Assignee, SPRAY-NET INC. The franchisee conditionally assigns all telephone numbers, facsimile numbers, and domain names used in their Spray Net franchise to Spray Net Inc.
This assignment becomes effective upon the termination or expiration of the franchise agreement. At that time, the franchisee must take all necessary actions to ensure the transfer of the assigned property to Spray Net Inc., as if Spray Net Inc. were the original owner.
The franchisee is responsible for paying all amounts owed for the use of the assigned property up to the date the assignment becomes effective and must indemnify Spray Net Inc. for any costs they incur to effectuate the agreement. The franchisee also agrees to cooperate fully with the telephone company, domain name registrar, and Spray Net Inc. to complete the assignment.