What are the restrictions on disclosing confidential information provided by Hyper Kidz?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- 7.6 You shall at all times preserve in confidence any and all materials and information furnished or disclosed to you by us and you shall disclose such information or materials only to such of your employees or agents who must have access to it in connection with their employment. You shall not at any time, without our prior written consent, copy, duplicate, record or otherwise reproduce such materials or information, in whole or in part, nor otherwise make the same available to any unauthorized person.
Source: Item 23 — RECEIPTS (FDD pages 52–205)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, franchisees must maintain the confidentiality of materials and information provided by Hyper Kidz. Franchisees can only disclose confidential information to employees or agents who require access for their work.
The franchisee is prohibited from copying, duplicating, recording, or reproducing these materials without prior written consent from Hyper Kidz. Additionally, making the information available to any unauthorized person is not allowed. This obligation ensures that Hyper Kidz's proprietary information and trade secrets remain protected.
This is a standard practice in franchising, as franchisors need to protect their systems and methods. Prospective Hyper Kidz franchisees should understand that this obligation extends throughout the term of the agreement and likely beyond, even after the franchise relationship ends. Franchisees should establish clear internal procedures to safeguard confidential information and ensure that employees are aware of these restrictions.