Under the Hyper Kidz franchise agreement, what is the franchisee required to do regarding the transfer of interest in telephone listings to the franchisor?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
- (d) Assignment of Numbers and Listings.
At Franchisor's request, Franchisee shall execute such forms and documents as Franchisor deems necessary to appoint Franchisor its true and lawful attorney-in-fact, with full power and authority, for the sole purpose of assigning to Franchisor, Franchisee's telephone numbers and listings; and provide Franchisor with passwords and administrator rights for all email, software, social media or other such accounts used or created by Franchisee in order to operate the Franchised Business.
Upon the expiration or termination of this Agreement, Franchisor may exercise its authority, pursuant to such documents, to obtain any and all of Franchisee's rights to the telephone numbers of the Franchised Business and all related telephone directory listings and other business listings, and all Internet listings, domain names, Internet advertising, websites, listings with search engines, electronic mail addresses, social media, or any other similar listing or usages related to the Franchised Business;
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, upon termination or expiration of the franchise agreement, the franchisee is required to take specific actions regarding telephone numbers and listings. At Hyper Kidz's request, the franchisee must execute forms to appoint Hyper Kidz as their attorney-in-fact for the purpose of assigning telephone numbers and listings to Hyper Kidz.
Additionally, the franchisee must provide Hyper Kidz with passwords and administrator rights for all email, software, social media, or other accounts used to operate the franchised business. This ensures Hyper Kidz can maintain control over the business's online presence and communication channels after the franchise agreement ends.
Hyper Kidz may exercise its authority to obtain the franchisee's rights to telephone numbers, directory listings, internet listings, domain names, websites, email addresses, social media accounts, and any other similar usages related to the franchised business upon expiration or termination of the agreement. This allows Hyper Kidz to maintain continuity and prevent confusion among customers.