factual

Can Bor Restoration require me or my employees to sign a non-disclosure and non-competition agreement?

Bor_Restoration Franchise · 2024 FDD

Answer from 2024 FDD Document

We reserve the right to require you (and each officer, director, shareholder, member, manager, and employee that holds a manager or above position to sign a non-disclosure and noncompetition agreement.

Source: Item 23 — Receipts (FDD pages 40–202)

What This Means (2024 FDD)

According to Bor Restoration's 2024 Franchise Disclosure Document, Bor Restoration retains the right to require franchisees and certain employees to sign non-disclosure and non-competition agreements. Specifically, this applies to the franchisee and any officer, director, shareholder, member, manager, and employee holding a manager or above position.

This means that as a Bor Restoration franchisee, you and certain members of your staff may be obligated to sign agreements that restrict the disclosure of confidential information and limit competitive activities both during the term of the franchise agreement and after its expiration or termination. These agreements are designed to protect Bor Restoration's proprietary information and market position.

Prospective franchisees should carefully review the terms of any non-disclosure and non-competition agreements presented by Bor Restoration. It is important to understand the scope of the restrictions, including the duration and geographic area covered by the non-competition clause. Franchisees should also consider seeking legal counsel to assess the enforceability of these agreements in their specific jurisdiction.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.