What is the title of Article 6.F in the Deck Medic Franchise Agreement?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
6.H. OWNERSHIP OF INNOVATIONS, IMPROVEMENTS AND CUSTOMER INFORMATION
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, Article 6.H is titled "OWNERSHIP OF INNOVATIONS, IMPROVEMENTS AND CUSTOMER INFORMATION." This section of the franchise agreement addresses the ownership of customer lists, ideas, concepts, methods, and products developed by the franchisee or their affiliates related to the Deck Medic business.
Specifically, Deck Medic franchisees agree that customer lists and related information are considered confidential and are assets of the franchisor, regardless of who initially provided the information. During the term of the agreement, franchisees must disclose any ideas, concepts, methods, or products they develop related to the Deck Medic business to the franchisor.
The franchisee also agrees to assign these innovations to Deck Medic, and the franchisor has no obligation to provide any payment for them. Furthermore, the franchisee is prohibited from using or allowing others to use these concepts, methods, or products without prior written approval from Deck Medic. This clause ensures that any advancements or innovations made within the franchise network benefit the franchisor and are controlled by them.
This aspect of the agreement is important for potential franchisees to understand, as it outlines the franchisor's control over intellectual property developed within the franchise. Franchisees should be aware that any innovations they create related to the Deck Medic business become the property of the franchisor, and they cannot use these innovations without the franchisor's permission.