What is the definition of the term 'Agreement' in the Kidokinetics Confidentiality Agreement?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
This Confidentiality Agreement ("Agreement") is entered into by the undersigned ("you") in favor of Kidokinetics Franchise LLC, a Florida limited liability company, and its successors and assigns ("us"), upon the terms and conditions set forth in this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, the Confidentiality Agreement is defined as the agreement entered into by an individual (referred to as "you") in favor of Kidokinetics Franchise LLC (referred to as "us"). This agreement outlines the terms and conditions that the individual must adhere to.
This agreement is put in place to protect Kidokinetics' intellectual property, which includes trademarks, copyrights, know-how, the operations manual, and the overall system used for operating a Kidokinetics business. The agreement is designed to prevent individuals associated with a Kidokinetics franchisee from using the franchisor's intellectual property in any way not explicitly authorized by the agreement.
For a prospective Kidokinetics franchisee, this means that anyone who has access to Kidokinetics' confidential information through their association with the franchisee (e.g., employees, contractors, agents) will be required to sign this agreement. This ensures that the franchisor's proprietary information remains protected and is not used to the detriment of the Kidokinetics system. The franchisee is responsible for ensuring that these individuals comply with the terms of the agreement.