Where is the Non-Disclosure and Non-Compete Agreement attached in the Kidokinetics Franchise Agreement?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
obligations under this Agreement; and
- 10.2.8. Each Principal and each Principal's spouse will personally execute and bind himself or herself to the Guaranty and Confidentiality and Non-Compete Agreement, in the forms of Attachments E and F to this Agreement, respectively.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 39)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the Confidentiality and Non-Compete Agreement is included as Attachment F to the Franchise Agreement. This agreement is a crucial part of the franchising terms, as it outlines the obligations and restrictions placed on the franchisee and their principals regarding confidential information and competition with Kidokinetics.
Specifically, each Principal and their spouse must personally execute and adhere to the Confidentiality and Non-Compete Agreement. This indicates that the obligations extend beyond just the franchisee entity to the individuals involved in the ownership and management. The agreement ensures that confidential information, such as the Franchise Operations Manual and other proprietary materials, are protected and not divulged to unauthorized parties.
Furthermore, the Franchise Agreement also includes an Electronic Funds Withdrawal Authorization form as Attachment G. This highlights the importance of understanding all attachments to the Franchise Agreement, as they cover various aspects of the franchise relationship, from confidentiality and competition to financial transactions. Prospective franchisees should carefully review Attachment F to fully understand their obligations regarding non-disclosure and non-competition, as well as Attachment G to understand the terms for electronic funds withdrawal.