Under what circumstances might Hyper Kidz abandon the current System in favor of another?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
You understand and agree that the System must not remain static if it is to meet, without limitation, presently unforeseen changes in technology, competitive circumstances, demographics, populations, consumer trends, societal trends and other market place variables, and if it is to best serve the interests of us, you and all other franchisees. Accordingly, you expressly understand and agree that we may from time to time change the components of the System including, but not limited to, altering the products, programs, services, methods, standards, forms, policies and procedures of that System; abandoning the System altogether in favor of another system in connection with a merger, acquisition, other business combination or for other reasons; adding to, deleting from or modifying those products, programs and services which your Hyper Kidz Business is authorized and required to offer; modifying or substituting entirely the building, premises, equipment, signage, trade dress, decor, color schemes and uniform specifications and all other unit construction, design, appearance and operation attributes which you are required to observe hereunder; and changing, improving, modifying or substituting the Marks. You expressly agree to comply with any such modifications, changes, additions, deletions, substitutions and alterations; provided, however, that such changes shall not materially and unreasonably increase your obligations hereunder.
You shall accept, use and effectuate any such changes or modifications to, or substitution of, the System as if they were part of the System at the time that this Agreement was executed.
We shall not be liable to you for any expenses, losses or damages sustained by you as a result of any of the modifications contemplated hereby. You hereby covenant not to commence or join in any litigation or other proceeding against us or any third party complaining of any such modifications or seeking expenses, losses or damages caused thereby. Finally, you expressly waive any claims, demands or damages arising from or related to the foregoing activities including, without limitation, any claim of breach of contract, breach of fiduciary duty, fraud, and/or breach of the implied covenant of good faith and fair dealing.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, Hyper Kidz may abandon its current System in favor of another due to unforeseen changes in technology, competitive circumstances, demographics, populations, consumer trends, societal trends, and other marketplace variables. This decision is made to best serve the interests of Hyper Kidz, its franchisees, and all other involved parties.
Hyper Kidz can change components of the System, including products, programs, services, methods, standards, forms, policies, and procedures. They may also add to, delete from, or modify the products, programs, and services that a Hyper Kidz Business is authorized to offer. Furthermore, Hyper Kidz can modify or substitute the building, premises, equipment, signage, trade dress, decor, color schemes, and uniform specifications.
The franchisee must comply with these modifications, changes, additions, deletions, substitutions, and alterations, provided that such changes do not materially and unreasonably increase their obligations. Hyper Kidz is not liable for any expenses, losses, or damages sustained by the franchisee as a result of these modifications, and the franchisee waives any claims against Hyper Kidz or any third party related to these changes.