Regarding the confidentiality clause in the Kidokinetics franchise agreement, under what circumstances is a franchisee allowed to disclose details relating to the Release to a third party without the Franchisor's written consent?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Confidentiality. Releasor agrees to hold in strictest confidence and not disclose, publish, or use the existence of, or any details relating to, this Release to any third party without Franchisor's express written consent, except as required by law.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, a franchisee (referred to as the 'Releasor' in this context) is generally prohibited from disclosing any details related to the Release to a third party. However, there is one specific exception to this rule.
The franchisee is permitted to disclose details relating to the Release if it is required by law. In all other circumstances, the franchisee must obtain express written consent from Kidokinetics before disclosing any information about the Release to a third party.
This confidentiality clause is designed to protect Kidokinetics's interests by preventing the unauthorized dissemination of sensitive information. Prospective franchisees should be aware of this restriction and ensure they understand the circumstances under which disclosure is permitted or required.