What agreement must Buona franchisees have their shareholders, officers, directors, members, managers, partners, guarantors, supervisory and principal employees sign?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.4 Nondisclosure and Noncompetition Agreement*.* Franchisee must have its shareholders, officers, directors, members, managers, partners, guarantors, supervisory and principal employees, including managers and assistant managers (as a condition to their employment), anyone Franchisee may choose to send to training, and anyone who has access to the Manuals or any of Franchisor's proprietary information or Confidential Information, execute Franchisor's standard Nondisclosure and Noncompetition Agreement (which is an exhibit to the Franchise Disclosure Document and as may be updated in the Manuals) before performing any work at the Franchised Business or otherwise having access to Franchisor's proprietary information.
A copy of all the signed agreements shall be delivered to Franchisor within one (1) week of their execution.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, franchisees must ensure that their shareholders, officers, directors, members, managers, partners, guarantors, supervisory and principal employees, including managers and assistant managers, execute Buona's standard Nondisclosure and Noncompetition Agreement. This requirement extends to anyone the franchisee sends to training and anyone who accesses the manuals or Buona's proprietary or confidential information. This agreement is a condition of their employment.
The Nondisclosure and Noncompetition Agreement is an exhibit to the Franchise Disclosure Document and may be updated in the manuals. These individuals must sign it before performing any work at the franchised business or accessing Buona's proprietary information.
Buona requires franchisees to deliver a copy of all signed agreements to the franchisor within one week of their execution, ensuring timely compliance and documentation.