What documents will the Company disclose Confidential Information in to me as a Hyper Kidz franchisee?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
We will disclose such parts of the Confidential Information as are required for the operation of a Hyper Kidz Business to you during training and in guidance and assistance furnished to you during the term of this Agreement, and you may learn or otherwise obtain from us additional Confidential Information during the term of this Agreement. You acknowledge and agree that neither you nor any other person or entity will acquire any interest in or right to use the Confidential Information, other than your right to utilize it in the operation of the Hyper Kidz Business, and that the use or duplication of the Confidential Information in any other business would constitute an unfair method of competition with us and other Hyper Kidz Business franchisees. You agree to disclose the Confidential Information to your Principals and to employees of the Hyper Kidz Business only to the extent reasonably necessary for the operation of the Hyper Kidz Business.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Confidential Information necessary for operating a Hyper Kidz Business will be disclosed to you during training and through ongoing guidance and assistance provided throughout the term of the Franchise Agreement. This information may also be learned or obtained from Hyper Kidz during the term of the agreement.
The Confidential Information includes methods, techniques, specifications, standards, policies, procedures, information, concepts, and systems related to the development, operation, and franchising of Hyper Kidz Businesses. It also encompasses marketing and promotional programs, knowledge of specifications and suppliers for materials, equipment, and fixtures, the terms of the Franchise Agreement itself, the Operations Manual, and all data related to the sales and operations of your Hyper Kidz Business.
As a franchisee, you are obligated to protect this information and only disclose it to your Principals and employees to the extent necessary for operating the Hyper Kidz Business. These individuals may also be required to sign a Confidentiality and Non-Competition Agreement. This ensures that the confidential information remains protected and is not used in any way that could unfairly compete with Hyper Kidz or its other franchisees.