In the Kidokinetics Software License Agreement, what is the term used to refer to Kidokinetics Franchise LLC?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
This Confidentiality Agreement ("Agreement") is entered into by the undersigned ("you") in favor of Kidokinetics Franchise LLC, a Florida limited liability company, and its successors and assigns ("us"), upon the terms and conditions set forth in this Agreement.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Exhibit H-3, the Confidentiality Agreement defines the term used to refer to Kidokinetics Franchise LLC. Kidokinetics Franchise LLC, a Florida limited liability company, and its successors and assigns are referred to as "us". This definition is used within the context of the Confidentiality Agreement.
This means that in any legal documents related to confidentiality, Kidokinetics franchisees will see the franchisor referred to as "us". This is important for understanding the obligations and rights outlined in those agreements. The agreement also defines other key terms such as "Kidokinetics Business", "Copyrights", "Franchisee", "Intellectual Property", "Know-how", and "Manual" to provide clarity and avoid ambiguity in the legal context.
Understanding these definitions is crucial for franchisees to fully grasp their responsibilities regarding confidential information and intellectual property. It also clarifies the franchisor's rights and protections within the Kidokinetics system. Franchisees should carefully review these definitions and seek legal counsel if they have any questions or concerns about their obligations under the Confidentiality Agreement.