factual

What does Burros Fries define as 'Business Records'?

Burros_Fries Franchise · 2024 FDD

Answer from 2024 FDD Document

Neither Franchisee nor any of its Owners if you are an Entity, officers, directors, agents, employees or independent contractors, except as required in the performance of the duties contemplated by this Agreement, may disclose or use at any time, whether during the term of this Agreement or thereafter, any confidential and proprietary information disclosed to or known by Franchisee or any such person as a result of this Agreement. Such information, includes, but shall not be limited to our confidential matters and trade secrets such as our: strategies for site acquisition, build-out, design and décor specifications; distinctive Products, Services, proprietary recipes, sauces and home-made ice cream; specific food preparation techniques, methods, procedures including standards; specifications and purchasing strategies for all products, supplies and kitchen equipment; inventory management systems, vendors and supplier relationships, cost and pricing strategies, retail center setup, merchandising strategies, procedures for cleanliness, safety, sanitation and quality control; software, service methods and techniques, operational procedures, service standards, employee hiring, training and retention programs; menus, photographs of food, sales, advertising, marketing and promotional materials; forms, contracts, record keeping, reporting procedures and accounting methods, proprietary information conceived, originated, discovered, or developed by Franchisee or by any employee of Franchisee which is not generally known in the trade or industry about our Products or Services, including information relating to discoveries, ideas, production, purchasing, accounting, engineering, website development and design, marketing, merchandising or selling of Products and Services (collectively referred to as "Confidential Information" and further defined in Section 16.A of this Agreement).

Franchisee further acknowledges that the Confidential Information was unknown to Franchisee prior to negotiation for and execution of this Agreement and that the unique and novel combination of "know how," methods, processes and techniques developed by us and licensed to Franchisee for the operation of a Burros & Fries Business are particular to the food service industry conducted by your Business. Franchisee agrees to take all steps necessary, at Franchisee's expense, to protect the Confidential Information and shall not release it to any person that does not have a need to know, including employees,

Source: Item 22 — CONTRACTS (FDD page 53)

What This Means (2024 FDD)

Based on the 2024 Franchise Disclosure Document, Burros Fries considers 'record keeping, reporting procedures and accounting methods' as confidential information. This falls under the broader category of 'Confidential Information' which Burros Fries defines extensively.

As a Burros Fries franchisee, you are obligated to maintain the confidentiality of these business records, along with other proprietary information, during the term of the Franchise Agreement and even after its termination. This obligation extends to your owners (if you are an entity), officers, directors, agents, employees, and independent contractors. You must take necessary steps to protect this information and not release it to anyone without prior written consent from Burros Fries.

The FDD specifies that this Confidential Information was not known to the franchisee prior to the agreement and is unique to Burros Fries's food service business. This highlights the importance Burros Fries places on protecting its operational methods and financial data. Franchisees should ensure they have systems in place to safeguard this information, as breaches could lead to legal repercussions or damage to the Burros Fries brand.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.