Who must approve the confidentiality and non-competition agreement for a Bananas Smoothies Frozen Yogurt franchise?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
Any person actively involved in the management of your franchise must enter into a confidentiality and non-competition agreement" which shall be approved first by us. If after a confidentiality and non-competition agreement is entered into you have reason to believe that any such person has violated the provisions of the "Confidentiality and Non-Competition Agreement", you must notify us immediately and cooperate with us to protect us against infringement or other unlawful use of the proprietary marks or the System.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 48–49)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, any person actively involved in the management of a Bananas Smoothies Frozen Yogurt franchise must enter into a confidentiality and non-competition agreement. This agreement must first be approved by Bananas Smoothies Frozen Yogurt.
This requirement ensures that Bananas Smoothies Frozen Yogurt has control over who is managing the franchise and that those individuals are bound by confidentiality and non-competition terms. This protects the Bananas Smoothies Frozen Yogurt system, proprietary marks, and confidential information.
For a prospective franchisee, this means that anyone they hire as a manager or who is otherwise actively involved in managing the Bananas Smoothies Frozen Yogurt location must sign this agreement, and Bananas Smoothies Frozen Yogurt must approve it. The franchisee is also responsible for notifying Bananas Smoothies Frozen Yogurt if they believe someone has violated the agreement and must cooperate with Bananas Smoothies Frozen Yogurt to protect their interests.