To whom can a Byrider franchisee divulge confidential information related to the franchise?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisee shall divulge such Confidential Information only to such of its employees and agents as must have access to it in order to operate the Franchisee's Business in accordance with this Agreement, including Franchisee's accountants, bankers and potential investors who sign a confidentiality agreement.
The Franchisee may also divulge such Confidential Information to a governmental authority in the event Franchisee becomes legally compelled or is required by regulatory authorities having appropriate jurisdiction to disclose such Confidential Information, provided that the Franchisee will promptly provide the Company with written notice so that the Company may seek, at its expense, a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a franchisee is allowed to share confidential information with specific individuals and entities under certain conditions. Byrider requires franchisees to maintain the absolute confidentiality of all confidential information during and after the term of the agreement.
Specifically, a Byrider franchisee can divulge confidential information to their employees and agents who need access to it to operate the business, as long as it aligns with the franchise agreement. This includes the franchisee's accountants, bankers, and potential investors, but only if these parties sign a confidentiality agreement. This ensures that external parties who gain access to sensitive information are legally bound to protect it.
Additionally, a Byrider franchisee may disclose confidential information to a governmental authority if legally compelled or required by regulatory authorities with appropriate jurisdiction. However, the franchisee must promptly provide Byrider with written notice, allowing Byrider to seek a protective order or other remedy, or to waive compliance with the confidentiality provisions. This ensures Byrider is aware of any required disclosures and can take steps to protect its information where possible.