What is the required action for both parties to indicate their agreement to the Hydrodog Rider?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
(k) subject to state law, you and your transferring owners have executed a noncompetition covenant in favor of us and the transferee, agreeing to be bound by the post-term competitive restrictions contained in this Agreement, commencing on the effective date of the transfer; and
(l) you and your transferring owners have agreed that, except with respect to other HydroDog Businesses you own and operate, you and they will not directly or indirectly at any time or in any manner identify yourself or themselves or any business as a current or former HydroDog Business, or as one of our licensees or franchisees, use any Mark, any colorable imitation of a Mark, or other indicia of a HydroDog Business in any manner that suggests or indicates a current or past connection or association with us, or utilize for any purpose any trade name, trade or service mark or other commercial symbol that suggests or indicates a current or past connection or association with us.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
Based on the 2025 Hydrodog Franchise Disclosure Document, in the event of a transfer of ownership, both the transferring owners and the new transferee must take specific actions to be bound by the agreement.
Specifically, the transferring owners and the new Hydrodog franchisee must execute a noncompetition covenant in favor of Hydrodog and the transferee. This covenant ensures that the transferring owners will not compete with the new franchisee or Hydrodog after the transfer. This agreement is subject to state law.
Additionally, the transferring owners and the new franchisee must agree that they will not identify themselves or any business as a current or former Hydrodog business, use any Hydrodog marks, or use any trade names or service marks that suggest a connection with Hydrodog. This restriction does not apply to other Hydrodog businesses that the transferring owners may own and operate. These measures protect Hydrodog's brand and goodwill by preventing confusion among customers after the transfer of ownership.