What security procedures must the Guarantor adhere to for maintaining confidentiality of Bombs Away's confidential information?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
Confidential Information.** With respect to all Confidential Information Guarantor shall (a) adhere to all security 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 or approved in writing by Bombs Away Franchising, (d) exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information during and after the term of the Franchise Agreement, (e) not copy or otherwise reproduce any Confidential Information, and (f) promptly report any unauthorized disclosure or
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the Guarantor must adhere to specific security procedures to maintain the confidentiality of Bombs Away's confidential information. These procedures include adhering to all security measures prescribed by Bombs Away for maintaining confidentiality. The Guarantor can only disclose confidential information to its employees to the extent necessary for business operations.
The Guarantor is prohibited from using confidential information in any other business or manner not explicitly authorized or approved in writing by Bombs Away. The Guarantor must exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information both during and after the term of the Franchise Agreement.
Additionally, the Guarantor is not allowed to copy or reproduce any confidential information. The Guarantor is obligated to promptly report any unauthorized disclosure or use of confidential information. These obligations regarding confidentiality survive the termination or expiration of the Franchise Agreement indefinitely, ensuring long-term protection of Bombs Away's proprietary information.