In the Big Apple Bagels Confidentiality and Non-Competition Agreement, what are the two parties involved?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT E to FRANCHISE DISCLOSURE DOCUMENT
Confidentiality and Non-Competition Agreement
EXHIBIT E to FRANCHISE DISCLOSURE DOCUMENT
Confidentiality and Non-Competition Agreement
(Between Franchisee and Franchisee's Employee)
NOTE to Franchisee: You must have this agreement reviewed by local counsel before using it to make sure that it complies with local law.
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to the 2025 Big Apple Bagels Franchise Disclosure Document, the Confidentiality and Non-Competition Agreement is specifically between the franchisee and the franchisee's employee. This agreement is designed to protect Big Apple Bagels' proprietary information and prevent unfair competition. The FDD also advises franchisees to have the agreement reviewed by local counsel to ensure compliance with local laws.
This agreement is crucial for maintaining the confidentiality of sensitive business information and preventing employees from using that information to compete against the Big Apple Bagels franchise after their employment ends. It outlines the responsibilities of the employee regarding proprietary and confidential information, including restrictions on using this information in other businesses and a commitment to maintaining its confidentiality both during and after their employment.
For a prospective Big Apple Bagels franchisee, this means they will need to implement this agreement with their employees. They should consult with their legal counsel to ensure the agreement is enforceable in their specific location. The franchisee must ensure that their employees understand the terms and implications of the agreement to protect the franchise's interests.