What documents must a Bombs Away Franchisee execute to document Bombs Away Franchising's ownership of Innovations?

According to the 2024 Bombs Away Franchise Disclosure Document, a franchisee is obligated to disclose any ideas, plans, improvements, concepts, methods, and techniques related to the Bombs Away business that they, their employees, agents, or contractors conceive or develop. These are collectively referred to as "Innovations." Bombs Away Franchising will automatically own all such Innovations and has the right to incorporate them into the Bombs Away system without compensating the franchisee.

To formally document Bombs Away Franchising's ownership of these Innovations, the franchisee must execute any documents that Bombs Away Franchising reasonably requests. This ensures that Bombs Away Franchising has the legal rights to use and protect any new developments or improvements related to the Bombs Away business model.

This requirement is fairly standard in franchising, as franchisors typically want to maintain control over the intellectual property associated with their brand and system. It allows Bombs Away to ensure consistency and quality across all franchise locations and to prevent franchisees from independently commercializing innovations that could benefit the entire system. Prospective franchisees should be aware of this obligation and be prepared to cooperate with Bombs Away in documenting the ownership of any Innovations they develop.