What is the duration of the non-disparagement agreement for Advanced Mobile Iv And Amiv after the termination of the 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, both parties agree to refrain from making derogatory or disparaging remarks about each other, including their officers, directors, employees, or their professional competence, both during the term of the agreement and following its termination. This non-disparagement clause remains in effect at all times after the agreement ends.
This means that as a franchisee, you must avoid making negative statements about Advanced Mobile Iv And Amiv, its leadership, or its staff, even after your franchise agreement concludes. This obligation extends to Advanced Mobile Iv And Amiv as well, ensuring that they also cannot speak negatively about you. The clause covers both oral and written remarks, whether made directly or indirectly.
The non-disparagement clause is common in franchise agreements to protect the brand's reputation and maintain positive relationships. Failing to adhere to this clause could potentially lead to legal repercussions if either party violates the agreement by making disparaging remarks. Prospective franchisees should understand this ongoing obligation and factor it into their decision-making process.