Does the Buona Nondisclosure and Noncompetition Agreement get updated in the Manual?
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.
Source: Item 23 — RECEIPTS (FDD pages 78–356)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the standard Nondisclosure and Noncompetition Agreement that franchisees, their shareholders, officers, directors, members, managers, partners, guarantors, supervisory and principal employees, and anyone with access to the Manual or Buona's proprietary information must sign, may be updated in the Manual. This agreement is an exhibit to the Franchise Disclosure Document.
This means that Buona franchisees must ensure that all relevant parties execute the most current version of the Nondisclosure and Noncompetition Agreement, as it may be periodically updated by Buona within the Manual. Franchisees are responsible for ensuring compliance with this requirement as a condition of their franchise agreement.
It is important for prospective franchisees to understand that the terms of the Nondisclosure and Noncompetition Agreement can change over time, and they should stay informed of any updates to ensure they and their personnel remain in compliance. Failing to adhere to the updated agreement could result in a breach of the franchise agreement.