What confidentiality obligations exist regarding arbitration or lawsuits involving the Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
All documents, information, and results pertaining to any arbitration or lawsuit will be confidential, except as required by law or as required for Bombs Away Franchising to comply with laws and regulations applicable to the sale of franchises.
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, all documents, information, and results pertaining to any arbitration or lawsuit will be confidential. This confidentiality requirement has some exceptions. Disclosure is permitted if required by law or if Bombs Away needs to comply with laws and regulations applicable to the sale of franchises.
This clause means that franchisees must keep all details of any legal disputes, including arbitration, strictly confidential unless there is a legal obligation to disclose the information. This is a fairly standard clause in franchise agreements, intended to protect the brand's reputation and legal strategies.
For a prospective Bombs Away franchisee, this means they cannot freely discuss or publicize any disputes they may have with Bombs Away or other franchisees. This obligation extends to all documents, information, and outcomes related to such disputes. Franchisees should be aware that violating this confidentiality clause could result in legal consequences.