What information can Engineering For Kids truthfully answer about during a franchise transfer?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
You may not sell, transfer, or use Data for any purpose other than operating the Franchised Business and marketing "Engineering For Kids" Programs and services.
However, if you Transfer the Franchised Business (as provided in Section 14.2 below), as part of the Transfer, you may Transfer the Data to the buyer for value in connection with the license to use the Data under a franchise agreement with us, provided that you comply with all applicable policies, laws, and regulations relating to such Data.
- 8.5.7. We have the right to specify, from time to time, in the Manual or otherwise in writing, the Data and other information that you must collect and maintain on the Computer System in the manner that we prescribe.
You agree to provide us with the reports that we may reasonably request from the Data so collected and maintained.
You agree that you will download (and/or provide us with access to) on a daily basis, or in such other intervals that we may require, all information and materials that we may require in connection with your operation of the Franchised Business, and that you will present such information and materials in the manner we may prescribe.
We may use all such information, data, and reports in any manner, including, without limitation, providing financial and operating reports to franchisees and operators operating under the System.
In no way limiting the above, upon termination, expiration, and/or transfer of this Agreement and/or the Franchised Business, you agree to provide us with all data (in the digital machine-readable format that we specify, and/or printed copies, and/or originals) promptly upon our request.
8.5.8. You agree to abide by all applicable laws pertaining to the privacy of consumer, employee, and transactional information ("Privacy Laws").
(a) You agree to comply with our standards and policies pertaining to Privacy Laws.
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, a franchisee may transfer data to a buyer as part of the franchise transfer, provided they have a license to use the data under a franchise agreement with Engineering For Kids and comply with all applicable policies, laws, and regulations relating to such data. This data transfer is contingent upon the franchisee adhering to Engineering For Kids' policies and legal requirements concerning data handling. The franchisor also has the right to specify what data the franchisee must collect and maintain on their computer systems.
Engineering For Kids may request reports from the franchisee based on the collected data. The franchisee must provide all information and materials related to the operation of the franchised business as required by Engineering For Kids, presented in the manner prescribed by the franchisor. Engineering For Kids can use this information, including providing financial and operating reports to other franchisees within the system.
Upon the transfer of the franchise, the franchisee must provide all data to Engineering For Kids in the specified digital format, printed copies, or originals, promptly upon request. This ensures that Engineering For Kids retains access to critical business information even after the franchise changes hands. The franchisee must also comply with all applicable privacy laws related to consumer, employee, and transactional information, as well as adhere to Engineering For Kids' standards and policies regarding these privacy laws.