What does 'Know-how' encompass concerning the Kidokinetics business operation?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
- "Know-how" means all of our trade secrets and other proprietary information relating to the development, construction, marketing, and/or operation of a Kidokinetics Business, including, but not limited to, methods, techniques, specifications, proprietary practices and procedures, policies, marketing strategies, and information comprising the System and the Manual.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, 'Know-how' is defined as trade secrets and proprietary information related to the Kidokinetics business. This includes various aspects critical to the business's success.
Specifically, the Kidokinetics 'Know-how' encompasses methods, techniques, specifications, proprietary practices and procedures, policies, and marketing strategies. It also includes information comprising the System and the Manual. The System refers to Kidokinetics' approach to establishing, developing, operating, and managing a Kidokinetics business. The Manual is the confidential operations manual for running a Kidokinetics business.
For a prospective Kidokinetics franchisee, understanding and maintaining the confidentiality of this 'Know-how' is crucial. Franchisees are expected to protect this information and use it solely for the benefit of their Kidokinetics business. They must also avoid unauthorized copies or disclosure of any documents containing 'Know-how'. This obligation extends even after the franchisee is no longer associated with the Kidokinetics business.