What procedures must a Bombs Away franchisee adhere to for maintaining the confidentiality of Confidential Information?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
13.1 Confidential Information. With respect to all Confidential Information, Franchisee shall (a) adhere to all procedures prescribed by Bombs Away Franchising for maintaining confidentiality, (b) disclose such information to its employees only to the extent necessary for the operation of the Business; (c) not use any such information in any other business or in any manner not specifically authorized in writing by Bombs Away Franchising, (d) exercise the highest degree of diligence and effort to maintain the confidentiality of all such information during and after the term of this Agreement, (e) not copy or otherwise reproduce any Confidential Information, and (f) promptly report any unauthorized disclosure or use of Confidential Information. Franchisee acknowledges that all Confidential Information is owned by Bombs Away Franchising (except for Confidential Information which Bombs Away Franchising licenses from another person or entity). This Section will survive the termination or expiration of this Agreement indefinitely.
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, franchisees must adhere to specific procedures to maintain the confidentiality of proprietary information. Franchisees are required to follow all procedures prescribed by Bombs Away Franchising for maintaining confidentiality. This includes disclosing confidential information to employees only to the extent necessary for business operations.
Bombs Away franchisees are prohibited from using confidential information in any other business or in any manner not specifically authorized in writing by Bombs Away Franchising. They must exercise the highest degree of diligence and effort to maintain the confidentiality of all such information both during and after the term of the Franchise Agreement. Franchisees are also prohibited from copying or reproducing any confidential information.
Furthermore, franchisees are obligated to promptly report any unauthorized disclosure or use of confidential information. The Franchise Agreement specifies that all confidential information is owned by Bombs Away Franchising, except for information Bombs Away Franchising licenses from another entity. These confidentiality obligations survive the termination or expiration of the Franchise Agreement indefinitely, ensuring long-term protection of Bombs Away's proprietary assets.