What agreement have the Associate, Franchisee, and Bambu reached regarding confidential information?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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Associate, Franchisee and Bambu have reached an understanding and agreement with regard to nondisclosure by Associate of confidential information and with respect to noncompetition by Associate with Bambu and Franchisee.
NOW THEREFORE, in consideration of the foregoing, the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Associate, Franchisee and Bambu, intending legally to be bound, agree as follows:
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Confidential Information.
Associate recognizes and agrees that certain proprietary information relating to Bambu and its operations and the operations of Bambū shoppes ("Confidential Information") is owned by Bambu and is treated as confidential by Bambu and Franchisee, including without limitation, all proprietary information concerning Bambū shoppes; the Bambū system; the distinctive business format, plans, methods, drink and food item preparation information, recipes, menu, food preparation techniques, processes, and product formulas of a Bambū shoppe; designs; layouts;
operating procedures; all financial information of Bambu or Franchisee other than financial information filed with any government regulatory agency; marketing methods; sales and promotional methods; all nonpublic statistical information; the strategic plan, budgets and projections for Bambu; all information concerning negotiations of any kind conducted by Bambu whether pending or completed; all marketing research data and marketing plans; all information contained in the Bambū resource center materials, and any other manual or other nonpublic written information; internal lists of franchisees and customers of Bambū shoppes; and all other information which may be considered a trade secret or proprietary and such Confidential Information as may be further developed from time to time by Bambu.
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- Use and Disclosure of Confidential Information. Associate acknowledges that, in connection with Associate's Affiliation with Bambu or Franchisee, Bambu or Franchisee will disclose in strict confidence certain Confidential Information necessary for the operation of a Bambū shoppe. Associate specifically acknowledges that the Confidential Information is valuable, unique and comprises a substantial portion of the assets of Bambu; and Associate agrees that he or she will not utilize all or any portion of the same for Associate's personal benefit during the term of Associate's Affiliation with Franchisee, nor in any manner use the same subsequent to the termination of Associate's Affiliation with Bambu or Franchisee or the termination or expiration of the Franchise Agreement, nor disclose any of the same to any person, firm, corporation or other entity whatsoever at any time for any reason or purpose, without the prior written consent of Bambu. Associate shall not copy, publish or otherwise duplicate the Confidential Information or permit others to do so and shall return all Confidential Information to Franchisee upon termination of Associate's Affiliation with Franchisee. Associate may disclose to other employees, agents, or representatives of Bambu or Franchisee the Confidential Information only to the extent necessary for such employees, agents or representatives to carry out their intended function.
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- Noncompetition Covenant. Associate covenants and agrees that, during the term of his or her Affiliation, except in conjunction with Franchisee's Bambū shoppe in a manner authorized by Bambu and Franchisee, Associate shall not, either directly or indirectly through any member of Associate's immediate family, separate business entity, or otherwise:
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, Bambu, the franchisee, and the franchisee's associate have come to an understanding regarding the associate's nondisclosure of confidential information and noncompetition with Bambu and the franchisee. The associate acknowledges that they will have access to confidential information related to Bambu, its operations, and the Bambu shoppe due to their affiliation with the franchisee as an officer, partner, director, manager, agent, employee, independent contractor, or a related person.
The agreement specifies that the associate recognizes Bambu's ownership of proprietary information, including details about Bambu shoppes, the Bambu system, business formats, plans, methods, recipes, menus, designs, layouts, operating procedures, financial information, marketing methods, sales strategies, statistical data, strategic plans, budgets, marketing research, resource center materials, franchisee and customer lists, and trade secrets. The associate agrees not to use this confidential information for personal benefit during or after their affiliation with the franchisee or after the termination or expiration of the Franchise Agreement, and they are prohibited from disclosing it to any third party without Bambu's prior written consent.
Furthermore, the associate is restricted from copying, publishing, or duplicating the confidential information and must return all such information to the franchisee upon termination of their affiliation. The associate is permitted to share confidential information with other employees, agents, or representatives of Bambu or the franchisee only to the extent necessary for them to perform their duties. The associate also agrees to a noncompetition covenant, preventing them from engaging in any competitive business activities during their affiliation, except as authorized by Bambu and the franchisee.