What security procedures must the Better Blend Guarantor adhere to for 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.
Guarantor acknowledges that all Confidential Information is owned by BBF or its affiliates (except for Confidential Information which BBF licenses from another person or entity).
Guarantor
acknowledges that all customer data collected or generated by the Business and all data collected or generated by the point-of-sale system (other than data regarding employees) is Confidential Information belonging to BBF. This Section will survive the termination or expiration of the Franchise Agreement indefinitely.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the Guarantor must adhere to specific security procedures to protect confidential information. These procedures include adhering to all security measures prescribed by Better Blend Franchising (BBF) for maintaining confidentiality. The Guarantor is only allowed to disclose confidential information to its employees to the extent necessary for the business's operation.
The Guarantor is prohibited from using confidential information in any other business or in any manner not specifically authorized or approved in writing by BBF. They must exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information, both during and after the term of the Franchise Agreement. Additionally, the Guarantor is not allowed to copy or reproduce any confidential information.
Finally, the Guarantor is required to promptly report any unauthorized disclosure or use of confidential information. The Guarantor also acknowledges that all customer data collected or generated by the Business and all data collected or generated by the point-of-sale system (other than data regarding employees) is Confidential Information belonging to BBF. These obligations regarding confidential information survive indefinitely even after the termination or expiration of the Franchise Agreement.