What agreement must individuals who receive confidential information from Buff City Soap sign?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 18: PUBLIC ANNOUNCEMENTS.]
[This Release will be modified as necessary for consistency with any state law regulating franchising.]
EXHIBIT D FORM OF NON-DISCLOSURE AND NON-USE AGREEMENT
THIS NON-DISCLOSURE AND NON-USE AGREEMENT (the "Agreement") is made and given to Buff City Soap Franchising, LLC, a Delaware limited liability company, for the collective benefit such entity and its affiliates (collectively, "Company"), by the undersigned, as of the date set forth below.
BACKGROUND:
In conjunction with exploration of a potential business relationship between the undersigned and the Company (the "Purpose"), the undersigned has need of, may become aware of, and/or may come into possession of (i) financial information, business plans, information about the Company's business and/or other non-public information and trade secrets that Company considers confidential or proprietary, (ii) information about a customer of Company that is non-public, confidential, or proprietary in nature, and/or that is protected by law or by order of a court, arbitrator, or other such authority, and/or (iii) information and property held by Company pursuant to a contractual or fiduciary relationship. Company is willing to disclose to the undersigned, or permit the disclosure to the undersigned of, such information and property only upon receipt of the assurances contained within this Agreement, and the undersigned is willing to give such assurances.
NOW, THEREFORE, in consideration of the recitals above and other good and valuable consideration, the undersigned hereby agrees as follows:
1. Definition of Confidential Information.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 49)
What This Means (2025 FDD)
According to the 2025 Buff City Soap Franchise Disclosure Document, individuals who may receive confidential information in conjunction with exploring a potential business relationship with Buff City Soap must sign a Non-Disclosure and Non-Use Agreement. This agreement is made for the collective benefit of Buff City Soap Franchising, LLC, and its affiliates.
The agreement acknowledges that the individual may have access to financial information, business plans, non-public information, and trade secrets that Buff City Soap considers confidential or proprietary. It also covers information about Buff City Soap's customers that is non-public, confidential, or protected by law. The agreement further extends to information and property held by Buff City Soap under contractual or fiduciary relationships.
Buff City Soap is willing to disclose this confidential information only if it receives assurances that the individual will protect it. By signing the Non-Disclosure and Non-Use Agreement, the individual agrees to keep the information confidential and use it only for the purpose of evaluating a potential business relationship. This is a standard practice in franchising to protect sensitive business information during exploratory discussions.