Does the Boulder Designs Franchise Agreement include a Non-Disclosure and Non-Competition Agreement as an exhibit?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
In furtherance of this Section, Franchisor has the right to require officers, managers, and partners along with certain individuals and any Covered Person to execute a standard form non-disclosure or noncompetition agreements in a form the same as the Non-Disclosure and Non-Competition Agreement attached as Exhibit 2.
EXHIBITS:
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- KEY TERMS PAGE
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- NON-DISCLOSURE AND NON-COMPETITION AGREEMENT
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the Franchise Agreement does include a Non-Disclosure and Non-Competition Agreement as an exhibit. Specifically, Exhibit 2 to the Franchise Agreement is the Non-Disclosure and Non-Competition Agreement.
This agreement is crucial for protecting Boulder Designs' confidential information and competitive advantage. The franchisor can require officers, managers, partners, certain individuals, and any Covered Person to execute this agreement. This ensures that key individuals associated with the franchisee are legally bound to protect Boulder Designs' interests.
The agreement likely outlines the specific restrictions on disclosing confidential information and engaging in competitive activities, both during the term of the franchise agreement and for a certain period after its termination. Prospective franchisees should carefully review the terms of the Non-Disclosure and Non-Competition Agreement to understand their obligations and restrictions. Understanding the scope and duration of these restrictions is essential for making an informed decision about investing in a Boulder Designs franchise.