What is the definition of 'innovations' that the Bombs Away franchisee must disclose?

According to Bombs Away's 2024 Franchise Disclosure Document, franchisees are required to disclose any 'Innovations' they conceive or develop relating to the Bombs Away business. These 'Innovations' encompass a broad range of ideas, plans, improvements, concepts, methods, and techniques. This obligation extends not only to the franchisee but also to their employees, agents, or contractors.

Bombs Away retains automatic ownership of all such 'Innovations'. The company has the right to incorporate these 'Innovations' into the Bombs Away system without providing any compensation to the franchisee. This means that any improvements or new ideas a franchisee develops for the business become the property of Bombs Away, and they will not be financially rewarded for these contributions.

The franchisee is further obligated to execute any documents reasonably requested by Bombs Away to formally document the company's ownership of these 'Innovations'. This requirement ensures that Bombs Away has the legal documentation necessary to protect its intellectual property rights and implement the 'Innovations' across the franchise system. This clause underscores the importance of franchisees understanding that any creative input or improvements they bring to the Bombs Away business model will ultimately belong to the franchisor.