What is the name of the licensed C3 Wellness Spa business referred to in the Confidentiality Agreement?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
This Agreement (the "Agreement") is entered into by the undersigned ("you") in favor of:
WHEREAS, we are the owners of a licensed C3 Wellness Business (hereinafter referred to as the "C3 Wellness Business") that we independently own and operate as a Franchisee;
WHEREAS, you are or are about to be an employee, independent contractor, officer and/or director of an C3 Wellness Business that is independently owned and operated by us;
WHEREAS, in the course of your employment, independent contractor relationship and/or association with us, you may gain access to Confidential Information (defined below in this Agreement) and you understand that it is necessary to protect the Confidential Information and for the Confidential Information to remain confidential;
WHEREAS, our franchisor, Aryes Franchising LLC is not a party to this agreement and does not own or manage the C3 Wellness Business but is an intended third party beneficiary of this Agreement; and
WHEREAS, this Agreement is not an employment agreement and is only a confidentiality agreement in connection with information, materials and access that may be provided to you in connection with the C3 Wellness Business.
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the Confidentiality Agreement refers to a licensed "C3 Wellness Business". This business is independently owned and operated by the franchisee. The agreement is designed to protect confidential information that an employee, independent contractor, officer, or director of the C3 Wellness Business may access.
The Confidentiality Agreement specifies that Aryes Franchising LLC, the franchisor, is not a party to the agreement but is an intended third-party beneficiary. This means that while Aryes Franchising LLC does not directly manage the C3 Wellness Business, it has rights under the agreement to ensure the protection of its confidential information and system standards.
The agreement emphasizes that it is not an employment agreement but solely a confidentiality agreement related to information, materials, and access provided in connection with the C3 Wellness Business. This distinction is important to clarify that the agreement does not guarantee employment or any specific terms of employment, but only governs the use and protection of confidential information.