Which exhibit outlines the Nondisclosure and Noncompete Agreement for a Beem Light Sauna franchise?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
We are a franchisee of Beem Franchisor LLC ("Franchisor") under a Franchise Agreement dated [DATE] (the "Franchise Agreement"), pursuant to which Franchisor granted us the right to operate a franchised business (the "Studio") under the "beem® Light Sauna" name (the "Brand"). We have a license to use the Brand and certain other trademarks designated by Franchisor (collectively, the "Marks"), certain policies and procedures used in the operation of the Studios (the "System"), and the confidential information developed and owned by Franchisor and its affiliates in our Studio. Franchisor recognizes that, in order for us to effectively operate our business, our employees and independent contractors whom we retain must have access to certain confidential information and trade secrets owned by Franchisor. Disclosure of this confidential information and trade secrets to unauthorized persons, or its use for any purpose other than the operation of our Studio, would harm Franchisor, other franchise owners, and us. Accordingly, Franchisor requires us to have you sign this Agreement.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
Based on the 2025 Beem Light Sauna Franchise Disclosure Document, there is no specific exhibit labeled as the "Nondisclosure and Noncompete Agreement." However, the FDD does reference a standard Non-Disclosure Agreement that franchisees and their employees must adhere to.
According to the excerpt, Beem Light Sauna requires franchisees to have their employees and independent contractors sign an agreement due to their access to confidential information and trade secrets. This agreement aims to protect Beem Light Sauna's interests by preventing unauthorized disclosure or use of this information. The franchisor emphasizes that such protection is crucial for the benefit of the franchisor, other franchise owners, and the franchisee themselves.
While the excerpt confirms the existence of a non-disclosure agreement, it does not specify which exhibit contains the agreement. A prospective franchisee should ask the franchisor for the specific exhibit that contains the Nondisclosure and Noncompete Agreement to fully understand its terms and conditions.