What is considered 'Confidential Information' under the Bevaris Alliance agreement?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
27.3 Confidentiality.
(a) Each party undertakes that it shall not at any time or at any time during this agreement, and for a period of two years after termination of this agreement, disclose to any person any Confidential Information concerning the business, affairs, customers, clients or suppliers of the other party, except as permitted by clause 27.3(b).
(b) Each party may disclose the other party's Confidential Information:
- (i) to its employees, officers, representatives, subcontractors or advisers who need to know such information for the purposes of exercising the party's right's or carrying out its obligations under this agreement. Each party shall ensure that its employees, officers, representatives, subcontractors or advisers to whom it discloses the other party's Confidential Information comply with this clause 27.3(b); and
- (ii) as may be required by law, a court of competent jurisdiction or any governmental or regulato
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, confidential information includes details about the business, affairs, customers, clients, or suppliers of either party involved in the franchise agreement. This confidentiality clause is in effect during the term of the agreement and extends for two years after the agreement terminates.
Bevaris Alliance permits the disclosure of confidential information to employees, officers, representatives, subcontractors, or advisors who need the information to fulfill their duties under the agreement. However, each party is responsible for ensuring that these individuals comply with the confidentiality clause. Disclosure is also allowed if required by law or a court of competent jurisdiction.
This clause protects Bevaris Alliance's sensitive business data and trade secrets, preventing franchisees from sharing critical information that could harm the brand's competitive advantage. For a prospective franchisee, this means they must maintain strict confidentiality regarding the Bevaris Alliance's operational and business strategies, even after the franchise agreement ends. Failure to comply could result in legal repercussions.