factual

Upon termination of the Afuri Ramen Dumpling franchise agreement, what proprietary and confidential materials must the franchisee return?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 6.5.7 Upon termination for any reason, you will return to us all proprietary and confidential materials, including customer lists and account information, keys, codes, signage, advertising and marketing materials, service agreements and other forms, printed files, security codes, and additional similar items and information as may be described in the Operations Manual. If you fail to return or cease use of any of these items, we may enter your business premises without being guilty of trespass or any other tort to remove and retain the items. You will pay to us, on demand, any expenses we incur in trying to remove or collect such items or in attempting to have you cease use of them.

Source: Item 23 — Receipts (FDD pages 50–189)

What This Means (2024 FDD)

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, upon termination of the franchise agreement for any reason, the franchisee must return all proprietary and confidential materials to Afuri Ramen Dumpling. These materials include customer lists and account information, keys, codes, signage, advertising and marketing materials, service agreements and other forms, printed files, security codes, and additional similar items and information as described in the Operations Manual.

Afuri Ramen Dumpling has the right to enter the franchisee's business premises to remove and retain these items if the franchisee fails to return them or ceases their use. The franchisee is responsible for paying any expenses Afuri Ramen Dumpling incurs in removing or collecting these items, or in attempting to have the franchisee cease using them.

This requirement is standard practice in franchising to protect the franchisor's intellectual property and confidential business information. Prospective Afuri Ramen Dumpling franchisees should understand the scope of materials they must return upon termination and the potential costs associated with non-compliance.

Disclaimer: This information is extracted from the 2024 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.