What is the definition of 'non-disparagement' in the Advanced Mobile Iv And Amiv agreement?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
- (3) Non-disparagement. Each Party further agrees at all times during and following the term of this Agreement to refrain from making derogatory or disparaging remarks concerning the other Party, its officers, its directors, its employees or their professional competence, orally or in writing, directly or indirectly.
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 non-disparagement clause within the franchise agreement dictates that each party involved must refrain from making any derogatory or disparaging remarks about the other party. This restriction applies both during the term of the agreement and after its termination.
This clause extends to the parties themselves, their officers, directors, employees, and their professional competence. The remarks are prohibited whether they are made orally or in writing, and whether they are made directly or indirectly.
For a prospective Advanced Mobile Iv And Amiv franchisee, this means they must avoid making negative comments about the franchisor, its leadership, or its employees, even after the franchise agreement ends. Similarly, Advanced Mobile Iv And Amiv is restricted from disparaging the franchisee. This type of clause is common in franchise agreements to protect the brand's reputation and maintain a professional relationship between the parties.