What exhibit in the Big Apple Bagels Franchise Disclosure Document contains the Confidentiality and Non-Competition Agreement between the franchisee and the franchisee's employee?
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 between the franchisee and the franchisee's employee is found in Exhibit E. This agreement is a crucial legal document that outlines the responsibilities of the franchisee's employees in protecting the franchisor's and franchisee's confidential information and preventing unfair competition.
Exhibit E explicitly states that it contains the Confidentiality and Non-Competition Agreement applicable between the franchisee and their employees. The document also includes a note advising the franchisee to have the agreement reviewed by local counsel to ensure compliance with local laws. This highlights the importance of understanding and adhering to local regulations regarding confidentiality and non-competition, as these laws can vary significantly by jurisdiction.
Prospective Big Apple Bagels franchisees should carefully review Exhibit E with their legal counsel to fully understand the obligations and restrictions it places on their employees. Ensuring that the agreement complies with local laws is essential to its enforceability and to protecting the franchisee's business interests. This step is a standard practice in franchising, as franchisors typically require franchisees to implement such agreements to safeguard their proprietary information and maintain a competitive advantage.