What constitutes 'Trade Secrets' of Bumble Roofing, the disclosure of which could lead to termination?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
, maintenance, and repairs, and related products and services, for residential and commercial customers and associated with the Marks.
- (m) "Trade Secret(s)" means information, including a formula, pattern, compilation, program, device, method, technique or process related to the System that both derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by other persons who can obtain economic value from its disclosure or use and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
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Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, a 'Trade Secret' is defined as information related to the Bumble Roofing system that has independent economic value because it is not generally known or easily discoverable by others who could profit from its disclosure or use. Additionally, Bumble Roofing must take reasonable measures to keep this information secret. This information can include formulas, patterns, compilations, programs, devices, methods, techniques, or processes.
For a prospective Bumble Roofing franchisee, this means that certain aspects of the business operations, as defined in the franchise agreement, are considered highly confidential. These trade secrets are integral to the Bumble Roofing system and provide a competitive advantage. Franchisees are expected to maintain the secrecy of this information to protect the brand's value and competitive position.
The FDD also indicates that there may be limited circumstances where applicable law allows for the disclosure of certain Trade Secrets, as specified in the Manual. This suggests that while Bumble Roofing takes Trade Secrets seriously, there are legal exceptions that franchisees should be aware of. Franchisees should carefully review the Manual to understand these exceptions and ensure compliance with both the franchise agreement and relevant laws.
Protecting these trade secrets is crucial, as unauthorized disclosure could lead to termination of the franchise agreement. This underscores the importance of understanding and adhering to the confidentiality obligations outlined in the franchise agreement and related documents.