What is a Beverly Anns Cookie franchisee required to do to protect the secured party's interest in the property?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3. Know-How and Intellectual Property: Nondisclosure and Ownership. You agree: (i) you will not use the Intellectual Property in any business or capacity other than for the benefit of the
Beverly Ann's Business operated by Franchisee or in any way detrimental to us or to the Franchisee; (ii) you will maintain the confidentiality of the Intellectual Property at all times; (iii) you will not make unauthorized copies of documents containing any Intellectual Property; (iv) you will take such reasonable steps as we may ask of you from time to time to prevent unauthorized use or disclosure of the Intellectual Property; and (v) you will stop using the Intellectual Property immediately if you are no longer an employee, independent contractor, agent, representative, or supplier of Franchisee. You further agree that you will not use the Intellectual Property for any purpose other than the performing your duties for Franchisee and within the scope of your employment or other engagement with Franchise.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
The 2025 Beverly Anns Cookie Franchise Disclosure Document includes a sample confidentiality agreement that outlines the franchisee's responsibilities regarding the brand's intellectual property. As stated in the agreement, franchisees must not use the intellectual property in any business other than the Beverly Ann's Business operated by the Franchisee. Franchisees must maintain the confidentiality of the intellectual property at all times and avoid making unauthorized copies of documents containing this information.
According to the sample confidentiality agreement, franchisees must take reasonable steps to prevent unauthorized use or disclosure of the intellectual property, as requested by Beverly Anns Cookie. Franchisees must also cease using the intellectual property immediately if they are no longer an employee, independent contractor, agent, representative, or supplier of the Franchisee. The agreement specifies that franchisees cannot use the intellectual property for any purpose other than performing their duties for the Franchisee and within the scope of their employment or engagement with the Franchisee.
This agreement is designed to protect Beverly Anns Cookie's intellectual property, which includes trademarks, copyrights, know-how, and the system used to operate the franchise. By adhering to these stipulations, franchisees contribute to the overall protection of the brand and its proprietary information. This helps maintain the integrity and competitive advantage of the Beverly Anns Cookie system.