What individuals associated with the Buona franchise must execute the Nondisclosure and Noncompetition Agreement?
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 Manual 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 Manual) 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 23 — RECEIPTS (FDD pages 78–356)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, several individuals associated with the franchise must sign a Nondisclosure and Noncompetition Agreement. This includes the franchisee, along with their shareholders, officers, directors, members, managers, partners, and guarantors.
In addition to the franchisee and related parties, supervisory and principal employees, including managers and assistant managers, must also sign the agreement as a condition of their employment. Furthermore, anyone the franchisee chooses to send to training, as well as anyone who has access to the Buona manual or any of Buona's proprietary or confidential information, is required to execute the agreement.
Buona requires that a copy of all signed agreements be delivered to them within one week of their execution. This requirement ensures that all relevant parties are bound by the terms of the Nondisclosure and Noncompetition Agreement, protecting Buona's confidential information and competitive advantage.