What is the full legal name of the Kidokinetics franchisor as defined in the Confidentiality and Non-Compete Agreement?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
WHEREAS, Franchisor has the right to use and license the use of certain marks and tradenames, including the service mark "KIDOKINETICS®" and design, and certain proprietary products, services, promotions and methods (the "System") for the establishment and operation of Kidokinetics Business:
WHEREAS, Franchisor has granted Franchisee the right to operate a Kidokinetics Business pursuant to the System in a territory, as specifically defined in Attachment B of the Franchise Agreement (the "Territory"), in strict accordance with the terms and conditions of the Franchise Agreement(s);
WHEREAS, in connection with his or her duties, it will be necessary for Covenantor to have access to some or all of the confidential information, knowledge, know-how, techniques, contents of the Kidokinetics operations manual and other materials used in or related to the System and/or concerning the methods of operation of the System (collectively referred to as "Confidential Information");
WHEREAS, the Confidential Information provides economic advantages to Franchisor and licensed users of the System;
WHEREAS, Franchisor and Franchisee have agreed on the importance of restricting the use, access and dissemination of the Confidential Information, and Franchisee therefore has agreed to obtain from Covenantor a written agreement protecting the Confidential Information and further protecting the System against unfair competition; and
WHEREAS, Covenantor acknowledges that receipt of and the right to use the Confidential Information constitutes independent valuable consideration for the representations, promises and covenants made by Covenantor herein.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
Based on the 2024 Kidokinetics Franchise Disclosure Document, the Confidentiality and Non-Compete Agreement refers to the entity granting the franchise as "Franchisor."
While the document mentions the term "Franchisor" repeatedly in the context of the Confidentiality and Non-Compete Agreement, it does not explicitly state the full legal name of the Kidokinetics franchisor within the provided excerpts. The agreement outlines the rights and responsibilities of both the franchisor and franchisee regarding confidential information and non-competition.
To determine the full legal name of the Kidokinetics franchisor, a prospective franchisee should review Attachment F to the Franchise Agreement, which contains the actual Confidentiality and Non-Compete Agreement, or directly ask the franchisor for clarification. This information is crucial for understanding the legal entity one is contracting with.