What is the duration, in days, of the post-term non-compete period for Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
You will assure that you and your owners, directors, officers, partners, shareholders, members, employees, consultants, and agents, during the term of this Agreement and for a period of 2 years after expiration or termination of this Agreement do not:
- A. divert or directly or indirectly attempt to divert any of our business or any of our customers to any competing establishment;
- B. employ or seek to employ any person we employ or any other person who is at that time operating or employed by or at any of our franchises or otherwise directly or indirectly induce these persons to leave their employment; nor
- C. do or perform, directly or indirectly, any other act injurious or prejudicial to our goodwill associated with the Marks and Licensed Methods
The running of the periods of time specified by this Section will be tolled and suspended for any period of time during which a court or arbitrator determines you to have been in violation of this Section.
If, for any reason, any provision set forth in this Subsection is determined to exceed any lawful scope or limit as to duration, geographic coverage, or otherwise, it is agreed that the provision will nevertheless be binding to the full scope or limit allowed by law or by a court of law. The duration, geographic coverage and scope allowable by law or court of law will apply to this Agreement.
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 post-term non-compete period lasts for 2 years. This restriction applies to the franchisee and their owners, directors, officers, partners, shareholders, members, employees, consultants, and agents.
During this two-year period after the franchise agreement expires or is terminated, these individuals are prohibited from diverting Advanced Mobile Iv And Amiv's business or customers to a competing establishment. They are also barred from employing or soliciting Advanced Mobile Iv And Amiv's employees or those of its other franchisees. Additionally, they cannot take any actions that would harm the goodwill associated with Advanced Mobile Iv And Amiv's trademarks and licensed methods.
This non-compete agreement aims to protect Advanced Mobile Iv And Amiv's business interests and customer relationships. The agreement also states that the duration of the non-compete can be extended if a court or arbitrator finds the franchisee in violation of the non-compete terms. Furthermore, if any part of the non-compete is deemed too broad, it will be adjusted to the maximum scope allowed by law.
For a prospective Advanced Mobile Iv And Amiv franchisee, this means they will be restricted from engaging in any competitive activities for two years after leaving the franchise system. This could limit their career options and business ventures in the same industry during that period. It is important to fully understand the scope and limitations of this non-compete agreement before investing in an Advanced Mobile Iv And Amiv franchise.