What is the duration of the non-compete agreement for Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
You agree to pay our reasonable legal and accounting fees and costs we incur because of our exercise of these Step-In Rights.
6.8 You and Your Owners Not to Compete on Expiration, Termination or Transfer of Agreement. This covenant will apply for 720 days after termination, expiration or transfer of this Agreement. In express consideration for this Agreement, you will assure that you and your owners, shareholders, partners, directors, officers, employees, and agents, and the members of their immediate families or households (who have actual knowledge of or access to the Operations Manual or Licensed Methods), will not directly or indirectly participate as an owner, shareholder, director, partner, officer, employee, consultant, franchisor, franchisee, distributor, advisor or agent, or serve in any other capacity in any business engaged directly or indirectly in the offer, sale, rental, Internet dissemination, or promotion of intravenous therapies and hydration services or products of any kind or any business that offers products or services that are essentially the same as, or substantially similar to, the products and services that are part of the Licensed Methods. This covenant applies within the Franchise Territory, within 25-miles of the Franchise Territory, within 25 miles of any market area where we operate or have granted the franchise to operate an Advanced Mobile IV business, and within the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to the 2023 Franchise Disclosure Document, Advanced Mobile Iv And Amiv's non-compete agreement lasts for 720 days after the termination, expiration, or transfer of the Franchise Agreement. This agreement applies to the franchisee, their owners, shareholders, partners, directors, officers, employees, and agents, as well as members of their immediate families or households who have knowledge of the Operations Manual or Licensed Methods.
During this period, these individuals are prohibited from participating in any business engaged in offering, selling, renting, or promoting intravenous therapies and hydration services or products. This includes involvement as an owner, shareholder, director, partner, officer, employee, consultant, franchisor, franchisee, distributor, advisor, or agent. The restriction covers businesses that offer products or services substantially similar to those within Advanced Mobile Iv And Amiv's Licensed Methods.
The non-compete extends to the Franchise Territory, within 25 miles of the Franchise Territory, within 25 miles of any market area where Advanced Mobile Iv And Amiv operates or has granted a franchise, and throughout the United States. This broad scope means that franchisees are significantly restricted in their ability to engage in similar businesses after leaving the Advanced Mobile Iv And Amiv system.
Advanced Mobile Iv And Amiv requires adherence to the non-compete agreement as a condition of the franchise agreement, emphasizing its importance for protecting their business model and market presence. Franchisees should carefully consider the implications of this extensive non-compete clause, especially if they plan to remain in the same industry after their franchise agreement ends.