factual

What is the fee that the franchisee must pay to Pump It Up for the Software License Agreement?

Pump_It_Up Franchise · 2025 FDD

Answer from 2025 FDD Document

This Software License Agreement ("Software License") is entered into between PUMP IT UP
HOLDINGS, LLC ("Franchisor") and ("Franchisee") pursuant to a Franchise
Agreement dated (the "Franchise Agreement") under which Franchisee will operate an
open play family entertainment and party business under Franchisor's business system (the "System")
located at
    1. Franchisor hereby grants to Franchisee a nonexclusive, nonassignable license to use the computer programs, in object code form ("**

Source: Item 23 — RECEIPTS (FDD pages 60–225)

What This Means (2025 FDD)

According to Pump It Up's 2025 Franchise Disclosure Document, a franchisee must pay a fee of one dollar ($1.00) to the franchisor upon execution of the Software License Agreement. This fee grants the franchisee a nonexclusive, nonassignable license to use the computer programs (the "Software") listed in the schedule to the Software License. The franchisor may update the schedule to include enhancements, upgrades, or replacements to the software at a reasonable cost.

The franchisee is only allowed to use the software in the operation of the Pump It Up system at approved locations. They are prohibited from modifying, copying, translating, or reproducing the software without prior written consent from Pump It Up, except to the extent required for operating the system. The franchisee also cannot make the software available to any other party or reverse engineer it.

All copies of the software remain the exclusive property of Pump It Up. The franchisee acknowledges that the software contains Pump It Up's trade secrets and agrees not to disclose or use the software in any way other than operating the Pump It Up system. The term of the Software License is co-extensive with the Franchise Agreement, meaning it lasts as long as the franchise agreement is in effect. Termination of the Franchise Agreement automatically terminates the Software License.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.