What information about the franchisee is Deck Medic required to collect on this form?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee agrees that with regard to the Franchised Business all customer lists and their contents and information represent Confidential Information and constitute an asset of Franchisor whether or not such information was supplied by Franchisor. During the Term of this Agreement and in connection with the development, establishment, marketing, promotion and operation of the Franchised Business, Franchisee shall disclose to Franchisor all of Franchisee's ideas, concepts, methods and products conceived or developed by Franchisee and Franchisee's affiliates, Owners, agents, and employees relating to the development and operation of Deck Medic Businesses. Franchisee hereby assigns to Franchisor and Franchisee agrees to procure from Franchisee's Owners, affiliates and employees' assignment of any such ideas, concepts, methods, and products that Franchisee is required to disclose to Franchisor under this Article 6.H. Franchisor shall have no obligation to make any lump sum or on-going payments to Franchisee or Franchisee's Owners, affiliates or employees with respect to any such idea, concept, method, technique
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to the 2024 Deck Medic Franchise Disclosure Document, Deck Medic requires franchisees to disclose all ideas, concepts, methods, and products conceived or developed by the franchisee, their owners, affiliates, agents, and employees related to the development and operation of Deck Medic Businesses. This includes information developed during the term of the agreement in connection with the development, establishment, marketing, promotion, and operation of the franchised business.
Deck Medic does not provide any financial compensation for these disclosures, whether in the form of lump sum payments or ongoing payments. The franchisee also agrees not to use or allow others to use any such concept, method, or product without Deck Medic's prior written approval.
This requirement ensures that Deck Medic maintains control over innovations and improvements within its franchise system. It allows Deck Medic to incorporate successful franchisee-developed ideas into the broader system, potentially benefiting all franchisees. However, it also means that franchisees may not directly profit from their own innovations beyond their franchised business without explicit approval from Deck Medic.