What is the full name of the Kidokinetics agreement being described?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H-2
KIDOKINETICS FRANCHISE
SAMPLE SYSTEM PROTECTION AGREEMENT
This System Protection Agreement ("Agreement") is entered into by the undersigned ("you" or "your") in favor of Kidokinetics Franchise LLC, a Florida limited liability company, and its successors and assigns ("us," "we," or "our"), upon the terms and conditions set forth in this Agreement.
- **1.
Definitions**.
For purposes of this Agreement, the following terms have the meanings given to them below:
"Competitive Business" means any youth fitness business or any other business offering any other goods or services offered or authorized for sale by System franchisees.
"Copyrights" means all works and materials for which we or our affiliate have secured common law or registered copyright protection and that we allow franchisees to use, sell, or display in connection with the marketing and/or operation of a Kidokinetics business or the solicitation or offer of a Kidokinetics franchise, whether now in existence or created in the future.
"Franchisee" means the Kidokinetics franchisee for which you are a manager or officer.
"Franchisee Territory" means the territory granted to you pursuant to a franchise agreement with us.
"Intellectual Property" means, collectively or individually, our Marks, Copyrights, Know-how, and System.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, one agreement being described is the System Protection Agreement. This agreement is between the individual and Kidokinetics Franchise LLC, covering the terms and conditions outlined within the agreement.
The System Protection Agreement includes definitions for terms such as "Competitive Business," which refers to any youth fitness business or similar ventures offering goods or services authorized by Kidokinetics franchisees. It also defines "Copyrights" as works and materials with copyright protection that franchisees can use for marketing and operating their Kidokinetics business. The agreement clarifies that "Franchisee" refers to the specific Kidokinetics franchisee for whom the individual is a manager or officer, and "Franchisee Territory" is the territory granted under the franchise agreement.
Furthermore, the System Protection Agreement defines "Intellectual Property" as the collective or individual Marks, Copyrights, Know-how, and System of Kidokinetics. This agreement appears to be designed to protect Kidokinetics's proprietary assets and ensure that individuals associated with a franchisee understand and adhere to the franchisor's standards and restrictions, particularly regarding competitive activities and the use of intellectual property.