Who is considered to be furnishing information on behalf of the Disclosing Party regarding Camp Margaritaville?

According to the 2025 Camp Margaritaville FDD, the "Disclosing Party" refers to the party that discloses or provides access to proprietary or confidential business information. This can be either Margaritaville Enterprises, LLC, including its subsidiaries and affiliates like Margaritaville Hotels & Resorts, LLC, Compass Margaritaville, LLC, and Margaritaville RV Resorts, LLC, or the "Company", which is the franchisee. The "Receiving Party" is the party receiving this information, which again could be either Margaritaville or the franchisee. This arrangement is part of a Confidentiality and Nondisclosure Agreement that both parties enter into when discussing a potential transaction.

This agreement is designed to protect sensitive business information exchanged during discussions about a potential transaction between Camp Margaritaville and a prospective franchisee. It ensures that both parties understand their obligations regarding the confidentiality and use of the disclosed information. The agreement specifies that neither party can use the other's confidential information for purposes outside the scope of the potential transaction, safeguarding Camp Margaritaville's business strategies and the franchisee's operational data.

For a potential Camp Margaritaville franchisee, understanding this agreement is crucial. It outlines the responsibilities and liabilities associated with handling confidential information, including potential legal ramifications for breaches of confidentiality. Franchisees should carefully review the terms to ensure they can comply with the requirements and protect both their own and Camp Margaritaville's sensitive data. This includes understanding the types of information considered confidential, the permitted uses of that information, and the duration of the confidentiality obligations.