What is the Kidokinetics franchisee's obligation regarding providing assignments, affidavits, documents, information and assistance to the Franchisor or Licensor?

According to Kidokinetics's 2024 Franchise Disclosure Document, the franchisee is obligated to provide assignments, affidavits, documents, information, and assistance that Kidokinetics or its licensor reasonably requests. This obligation is specifically tied to fully vesting all rights, title, and interest in the Intellectual Property to Kidokinetics or its licensor. This includes providing items reasonably requested to register, maintain, and enforce such rights in the Intellectual Property.

This requirement means that a Kidokinetics franchisee must actively cooperate with Kidokinetics and its licensor in protecting the brand's intellectual property. This could involve signing documents that transfer ownership of certain rights to Kidokinetics, providing sworn statements about the use of intellectual property, or offering any other information or help needed to secure Kidokinetics's legal rights.

Failure to comply with this requirement constitutes an event of default under the Franchise Agreement. Therefore, it is crucial for a prospective franchisee to understand the scope of this obligation and be prepared to promptly respond to any requests from Kidokinetics or its licensor related to intellectual property matters. This ensures that the franchisee remains in good standing and avoids potential legal issues with the franchisor.