What is included in Exhibit 5 of the Bee Organized Franchise Agreement?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS EXHIBIT IS FOR REFERENCE PURPOSES ONLY AS A SAMPLE FORM CONFIDENTIALITY AGREEMENT THAT FRANCHISOR MAY APPROVE FOR USE BY FRANCHISEE – BEFORE USING WITH AN EMPLOYEE OR CONTRACTOR FRANCHISEE SHOULD HAVE THIS AGREEMENT REVIEWED AND APPROVED BY AN INDEPENDENT LOCAL ATTORNEY HIRED BY FRANCHISEE
CONFIDENTIALITY AGREEMENT (Sample Only)
This Agreement (the "Agreement") is entered into by the undersigned ("you") in favor of:
[Insert On the Line Below Name of Franchisee that Owns and Operates the Bee Organized Business] (hereinafter referred to as "us", "our" or "we") Recitals and Representations WHEREAS, we are the owners of a licensed Bee Organized Business (hereinafter referred to as the "Bee Organized Business") that we independently own and operate as a franchisee;
WHEREAS, you are or are about to be an employee, independent contractor, officer and/or director of a Bee Organized Business that is independently owned and operated by us;
WHEREAS, in the course of your employment, independent contractor relationship and/or association with us, you may gain access to Confidential Information (defined below in this Agreement) and you understand that it is necessary to protect the Confidential Information and for the Confidential Information to remain confidential;
WHEREAS, our Franchisor, Bee Organized Enterprises, LLC, is not a party to this agreement and does not own or manage the Bee Organized Business but is an intended third party beneficiary of this Agreement; and
WHEREAS, this Agreement is not an employment agreement and is only a confidentiality agreement in connection with information, materials and access that may be provided to you in connection with the Bee Organized Business.
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Exhibit 5 to the Bee Organized Franchise Agreement is not detailed in the provided excerpts. The excerpts mention several other exhibits, such as Exhibit 1, which is the Owner and Spouse Agreement and Guaranty; Exhibit 2, which is a sample Confidentiality Agreement; Exhibit 3, the Assignment of Telephone Numbers and Digital Media Accounts; and Exhibit J, which contains receipts.
Because the contents of Exhibit 5 are not described, it is important for a prospective Bee Organized franchisee to request a full copy of the Franchise Agreement, including all exhibits, during their due diligence. This will allow them to carefully review the specific terms and conditions outlined in Exhibit 5 and understand their obligations.
Specifically, the prospective franchisee should ask the franchisor to provide a detailed explanation of Exhibit 5 and its implications. Understanding the contents of all exhibits is crucial for making an informed decision about investing in a Bee Organized franchise.