What items related to the Card My Yard business can a franchisee retain copies of after termination?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (6) Promptly deliver to us all Manuals, Software Programs, Confidential Information, and other materials related to the operation of the Card My Yard business in your possession or control, and all copies thereof, all of which are acknowledged to be our property, and retain no copy or record of any of the foregoing, except your copy of this Agreement and of any correspondence between you and us and any other documents which you reasonably need for compliance with any provision of law.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, upon termination of the Franchise Agreement, a franchisee must deliver all manuals, software programs, confidential information, and other materials related to the Card My Yard business, including all copies, to Card My Yard. However, the franchisee is allowed to retain a copy of the Franchise Agreement itself, any correspondence between the franchisee and Card My Yard, and any other documents reasonably needed for compliance with any provision of law.
This means that while franchisees must return most operational and proprietary information, they can keep essential legal and communication records. This is a fairly standard practice in franchising, allowing franchisees to maintain records of their contractual relationship and any official communications without retaining potentially sensitive business operations data.
For a prospective Card My Yard franchisee, this is an important consideration for managing records both during the franchise term and after termination. It highlights the importance of keeping thorough records of all communications and agreements with Card My Yard, as these may be needed for future reference or legal compliance. Franchisees should ensure they understand exactly what documents fall under the exception for legal compliance to avoid any disputes during or after the termination process.