To whom may 360 Painting disclose information to facilitate the administration of the relationship between the franchisor and the 360 Painting franchisee?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
We will not disclose to any third party any specific financial or other information directly associated with you or the Business unless authorized by you. But, we may use your financial and operational data to create a financial performance representation, and we may disclose information to our employees, attorneys, accountants, consultants, agents and others retained or employed by us who have a need to know the information in order to facilitate the administration of the relationship between you and us, or to comply with applicable law, court orders or accounting rules. During the term of the Franchise Agreement, we will have independent access to, and we may collect and disclose to other franchisees operating in the System data relating to your operation of the Business for the purpose of benchmarking or performance recognition, or for preparing financial performance representations for prospective franchisees. After termination of the Franchise Agreement, we may release such information to other franchisees and prospective franchisees.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 27–38)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting may disclose certain information to specific parties to effectively manage the relationship between the company and its franchisees. Specifically, 360 Painting may disclose information to its employees, attorneys, accountants, consultants, and agents. These individuals or groups must have a legitimate "need to know" the information to aid in administering the franchise relationship or to ensure compliance with legal, court, or accounting requirements.
Furthermore, 360 Painting can share data relating to a franchisee's business operations with other franchisees within the 360 Painting system. This data sharing is intended for benchmarking, performance recognition, and preparing financial performance representations for potential new franchisees. This type of disclosure helps current franchisees understand how their business compares to others in the system and provides prospective franchisees with insights into potential financial outcomes.
After a franchise agreement terminates, 360 Painting retains the right to release operational data to both current and prospective franchisees. This continued data sharing ensures that the 360 Painting system maintains transparency and provides valuable information to those within the network, even after a franchise agreement has ended. However, 360 Painting pledges not to disclose specific financial or other information directly associated with the franchisee or the business without authorization.