What is the collective term used in the Kidokinetics agreement to refer to the KIDOLINK Software and Customized Software?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
- D. Franchisor may also, from time to time, whether itself or through its designees develop customized software for Franchisee's use in connection with the Franchised Business ("Customized Software"). Franchisee may, at the discretion of Franchisor, be required to purchase and use the Customized Software. Whether Franchisee is required to, or otherwise elects to, use the Customized Software, Franchisee agrees to abide by the terms of this Agreement with regards to any Customized Software. The KIDOLINK Software and Customized Software will be referred to collectively in this Agreement as the "Proprietary Software."
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the KIDOLINK Software and Customized Software are collectively referred to as the "Proprietary Software" within the agreement. This Proprietary Software is designed to assist franchisees in managing various aspects of their business, including client data, sales records, inventory control, marketing, and customer service.
Kidokinetics may require franchisees to purchase and use Customized Software at its discretion, and franchisees must adhere to the agreement's terms regarding any Customized Software they use. The Proprietary Software is considered Kidokinetics' proprietary product, and all information collected through it is deemed confidential information belonging to Kidokinetics.
As a franchisee, understanding the terms and conditions related to the Proprietary Software is crucial, as it dictates how you can use the software, what data is collected, and what happens upon termination of the franchise agreement. Prospective franchisees should carefully review the software license agreement and understand any associated license fees or upgrade requirements.