Does Floyds 99 consider the Program to be a valuable proprietary property and trade secret?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor will license one or more proprietary computer software programs (the "Software") to the Franchisee for use in the operation of the FLOYD'S 99 Shop, including any modifications or revisions thereto, all documentation (other than the Software) related to the Software, the tangible media upon which such programs are recorded and the database file structure thereof (collectively, the "Program"). The Franchisor hereby grants to the Franchisee a nonexclusive, nontransferable, fully paid license to use the Program (the "License") for the term hereof, and agrees to provide updates for the Program for the term hereof. The parties agree as follows:
- a. The Program shall be installed on the computer equipment designated by the Franchisor as meeting its specifications (the "Designated Equipment").
Source: Item 22 — CONTRACTS (FDD pages 57–58)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the franchisor licenses proprietary computer software programs (the "Software") to the franchisee for use in their Floyds 99 shop. This includes modifications, revisions, documentation, tangible media, and the database file structure, collectively referred to as the "Program". Floyds 99 grants the franchisee a nonexclusive, nontransferable, fully paid license to use the Program for the term of the agreement and provides updates during this term.
The franchisee must install the Program on computer equipment that meets Floyds 99's specifications. This designated equipment ensures the software operates as intended and maintains the integrity of the system.
Overall, this clause emphasizes the importance of the Program to Floyds 99's operations and the controlled manner in which it is licensed and used by franchisees. The terms are designed to protect Floyds 99's intellectual property and ensure consistent operation across all franchised locations.