What section of the Azal Coffee franchise agreement defines confidential information?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
- g) The term "Trade Secret" shall mean information in any form (including, but not limited to, materials and techniques, technical or non-technical data, formulas, patterns,
compilations, recipes, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, passwords, lists of actual or potential customers or suppliers) related to or used in the Franchise Business that is not commonly known by or available to the public and that information: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, the definition of confidential information can be found within Section 2, titled "Definitions," under the heading of Item 22, "Contracts." This section clarifies what constitutes confidential information and trade secrets related to the Azal Coffee franchise.
Specifically, the franchise agreement outlines that confidential information includes various aspects of the Azal Coffee system. This encompasses the methods, techniques, data, formulas, recipes, programs, devices, processes, financial data, plans, passwords, and customer/supplier lists used in the Franchise Business. The agreement emphasizes that this information is not publicly known and provides Azal Coffee with an economic advantage.
Furthermore, the Azal Coffee franchise agreement highlights that the brand takes reasonable measures to maintain the secrecy of this information. This suggests that franchisees are expected to protect this confidential information and prevent its unauthorized disclosure or use. Understanding this definition is crucial for franchisees to ensure they comply with the terms of the franchise agreement and protect Azal Coffee's proprietary information.