Is an Annex Brands franchisee required to have their personnel execute a Non-Disclosure Agreement?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee will require and obtain the execution of Franchisor's Non-Disclosure Agreement, prior to or from the date of employment, or prior to any promotion, of: any Business Manager of the Center; any other person employed by Franchisee who has received or will receive training from Franchisor; or any person with an ownership interest in the Franchise or Franchisee, and will provide a copy of each executed Non-Disclosure Agreement to Franchisor.
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to the 2025 Annex Brands Franchise Disclosure Document, franchisees are required to obtain signed Non-Disclosure Agreements from certain personnel. Specifically, Annex Brands requires these agreements from any Business Manager of the Center, any employee who receives training from Annex Brands, and any individual with an ownership interest in the franchise.
This requirement ensures that confidential information regarding Annex Brands' operations and business practices remains protected. The franchisee must secure these agreements before or upon the date of employment or promotion of the specified personnel.
Annex Brands franchisees must provide copies of these executed Non-Disclosure Agreements to the franchisor, demonstrating compliance with this requirement. This is a standard practice in franchising to safeguard trade secrets and maintain a competitive advantage.