What is the reference for the All States M.E.D. Nondisclosure and Non-Competition Agreement?

According to the 2024 All States M.E.D. Franchise Disclosure Document, the Nondisclosure and Non-Competition Agreement is referenced as Schedule 2 within the Franchise Agreement. This agreement is a standard form that All States M.E.D. has the right to require certain individuals to execute. These individuals include any holder of a legal or beneficial interest in the franchisee, as well as any officer, director, executive, manager, member of the professional staff, and all employees of the franchisee.

The purpose of this agreement is to protect All States M.E.D.'s confidential information, trade secrets, and business interests. It ensures that individuals associated with the franchisee do not disclose sensitive information or engage in activities that could harm the All States M.E.D. brand or system. The agreement remains on file at the franchisee's business and is subject to audit or review by All States M.E.D.

All States M.E.D. also maintains the right to enforce the covenants within these agreements as a third-party beneficiary. This means that All States M.E.D. can directly take legal action against individuals who violate the terms of the Nondisclosure and Non-Competition Agreement, further safeguarding their interests and the integrity of the franchise system.