What are 'Innovations' as defined by the Fly To Fit franchise agreement?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
- 11.6 Innovations. Franchisee shall disclose to Fly To Fit Franchise all ideas, plans, improvements, concepts, methods and techniques relating to the Business (collectively, "Innovations") conceived or developed by Franchisee, its employees, agents or contractors.
Fly To Fit Franchise will automatically own all Innovations, and it will have the right to use and incorporate any Innovations into the System, without any compensation to Franchisee.
Franchisee shall execute any documents reasonably requested by Fly To Fit Franchise to document Fly To Fit Franchise's ownership of Innovations.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, 'Innovations' are defined as all ideas, plans, improvements, concepts, methods, and techniques relating to the Fly To Fit business. These innovations can be conceived or developed by the franchisee, their employees, agents, or contractors.
Fly To Fit will automatically own all Innovations, and it has the right to use and incorporate any Innovations into its System without providing any compensation to the franchisee. This means that if a franchisee or their team develops a new method or concept that improves the Fly To Fit business, Fly To Fit gains ownership of that innovation and can implement it across the entire franchise system without paying the franchisee for it.
The franchise agreement stipulates that the franchisee must execute any documents reasonably requested by Fly To Fit to document Fly To Fit's ownership of these Innovations. This clause ensures that Fly To Fit can legally protect and utilize any new ideas or improvements developed within the franchise network, reinforcing its control over the System and its evolution.