To whom can the Better Blend Guarantor disclose confidential information?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
With respect to all Confidential Information, Guarantor shall (a) adhere to all security procedures prescribed by BBF for maintaining confidentiality, (b) disclose such information to its employees only to the extent necessary for the operation of the Business, (c) not use any such information in any other business or in any manner not specifically authorized or approved in writing by BBF, (d) exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information during and after the term of the Franchise Agreement, (e) not copy or otherwise reproduce any Confidential Information, and (f) promptly report any unauthorized disclosure or use of Confidential Information.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the Guarantor is permitted to disclose confidential information only to its employees. This disclosure is explicitly limited to the extent necessary for the operation of the Better Blend business.
This condition means the Guarantor must ensure employees understand the confidential nature of the information and their obligations to protect it. The Guarantor cannot share confidential information with third parties, other businesses they may be involved with, or for any purpose not directly related to running the Better Blend franchise, unless Better Blend Franchising, LLC (BBF) provides explicit written authorization.
The Guarantor is also responsible for adhering to security procedures prescribed by BBF for maintaining confidentiality, exercising diligence in protecting the information, and promptly reporting any unauthorized disclosure or use of confidential information. These obligations extend both during and after the term of the Franchise Agreement, emphasizing the long-term importance of safeguarding Better Blend's proprietary information.