For Advanced Mobile Iv And Amiv, who benefits from and is bound by the confidentiality agreement?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
nd computer files, placement of appropriate legends on materials, limited access for copying and scanning, pass-word protection, and encryption. You will conduct periodic meetings with your managers and employees to instruct them on their responsibilities to maintain the confidentiality of our information, including severance interviews with terminated employees in which they acknowledge in writing their post-employment confidentiality obligations.
You will assure that you and all your agents, employees, consultants, partners, owners, members, officers, directors, and shareholders and other persons in your control, to whom any information is communicated, will keep, preserve, and protect all confidential information. You will require as a condition of the employment of your employees and anyone else providing services to you that they maintain and protect Confidential Information, including the signing of a confidentiality agreement. You must follow our security procedures, which may include the execution of approved nondisclosure agreements, and Intranet and Internet usage agreements. You will be responsible to enforce these covenants and agreements by your employees. These covenants are for the benefit of us and the Advanced Mobile IV franchise system and are enforceable by us. If you become aware of any actual or threatened violations of these covenants by any of your employees and anyone else providing services to you, you will promptly and fully advise us in writing of all related facts known to you. You will cooperate with us in all ways we reasonably request to prevent or stop any violation. This may include institution or permitting to be instituted in your name any demand, suit or action that we
25 – ADVANCED MOBILE IV FRANCHISE AGREEMENT
determine is advisable.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the confidentiality agreements are designed to protect Advanced Mobile Iv And Amiv and its franchise system. These agreements bind the franchisee, their agents, employees, consultants, partners, owners, members, officers, directors, shareholders, and any other persons under their control to whom confidential information is communicated.
The franchisee must ensure that all individuals providing services to them, including employees, sign a confidentiality agreement as a condition of employment. The franchisee is responsible for enforcing these agreements and must promptly inform Advanced Mobile Iv And Amiv of any actual or threatened violations. Advanced Mobile Iv And Amiv has the right to institute legal action, in the franchisee's name if necessary, to prevent or stop any violation, with the costs potentially borne by the franchisee.
The Franchise Agreement specifies that the franchisee, key employees, officers, partners, employees, members, and stockholders will possess knowledge of confidential business and operating methods. Disclosure of this information would harm Advanced Mobile Iv And Amiv's interests and those of its other franchisees. The confidentiality provisions remain in effect during the term of the Franchise Agreement and even after its expiration or termination, preventing the franchisee from using or divulging confidential information for their own benefit or the benefit of others.