factual

Does the definition of 'Computer System' for Card My Yard include point-of-sale terminals?

Card_My_Yard Franchise · 2025 FDD

Answer from 2025 FDD Document

"Computer System" means the computer hardware and software (including, without limitation, back office

software and point-of-sale software meeting ourspecifications and point-of-sale terminals that we may designate from time to time for use in the operation of Card My Yard businesses.

Source: Item 23 — RECEIPTS (FDD pages 84–259)

What This Means (2025 FDD)

According to Card My Yard's 2025 Franchise Disclosure Document, the definition of 'Computer System' does include point-of-sale terminals. The FDD specifies that the Computer System includes computer hardware and software, including back office software, point-of-sale software meeting Card My Yard's specifications, and point-of-sale terminals that Card My Yard may designate for use in the operation of its businesses. This indicates that franchisees are required to use specific point-of-sale systems that align with Card My Yard's standards.

This definition has implications for prospective franchisees, as they must use the computer systems, including point-of-sale terminals, that Card My Yard specifies. Card My Yard may modify the specifications and components of the Computer System, potentially requiring franchisees to purchase, lease, or license new or modified hardware and software. Franchisees are also responsible for obtaining service and support for the Computer System during the term of the agreement and agree to incur these costs.

Card My Yard requires franchisees to obtain the necessary components of the Computer System within 60 days of receiving notice from them. Additionally, Card My Yard has the right to charge a reasonable systems fee for any software or system modifications and enhancements specifically made for them that are licensed to the franchisee, as well as for maintenance and support services provided by Card My Yard or its affiliates. This ensures that all Card My Yard businesses operate with a standardized and approved Computer System, which includes point-of-sale terminals, to maintain uniformity and efficiency across the franchise network.

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.