What article of the Aplus Development Agreement outlines the provisions concerning the use of Confidential Information that the Owner must comply with?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
I will comply with all of the provisions contained in Article 6 of the Development Agreement concerning the use of the Confidential Information.
I will maintain the confidentiality of all Confidential Information disclosed to me.
I agree to use the Confidential Information only for the purposes authorized under the Development Agreement.
I further agree not to disclose any of the Confidential Information, except (a) to the Developer's employees on a need to know basis, (b) to the Developer's and my legal and tax professionals to the extent necessary for me to meet my legal obligations, and (c) as otherwise may be required by law.
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, Article 6 of the Development Agreement contains the provisions concerning the use of Confidential Information that the Owner must comply with. As an Owner, you must adhere to all the provisions outlined in Article 6 regarding the use of Confidential Information.
This means maintaining the confidentiality of all Confidential Information disclosed to you and using it only for authorized purposes under the Development Agreement. Disclosure of Confidential Information is restricted to the Developer's employees on a need-to-know basis, the Developer's and your legal and tax professionals to the extent necessary for meeting legal obligations, and as otherwise required by law.
These obligations are in place to protect Aplus's proprietary information and maintain a competitive advantage. Failure to comply with these confidentiality provisions could result in legal action and damage to the Aplus brand. Prospective franchisees should carefully review Article 6 of the Development Agreement to fully understand their obligations regarding Confidential Information.