Does the Card My Yard Franchise Agreement require a separate confidentiality agreement?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
You are employed by or associated with Franchisee and it will be necessary for you to have access to some or all of the Confidential Information.
We and Franchisee have agreed on the importance of restricting the use, access and dissemination of the Confidential Information, and Franchisee therefore has agreed to obtain from you a written agreement protecting the Confidential Information and further protecting the System against unfair competition.
You acknowledge that receipt of and the right to use the Confidential Information constitutes independent valuable consideration for the representations, promises and covenants made by you herein.
NOW, THEREFORE, in consideration of the mutual covenants and obligations contained herein, the parties agree as follows:
Confidentiality Agreement
- You shall, at all times, maintain the confidentiality of the Confidential Information and shall use such Confidential Information only in the course of your employment by or association with Franchisee in connection with the operation of a Card My Yard business under the Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 84)
What This Means (2025 FDD)
According to the 2025 Card My Yard FDD, if you are employed by or associated with a Card My Yard franchisee and need access to confidential information, a written confidentiality agreement is required. This agreement aims to protect the Card My Yard system and confidential information from unfair competition.
The FDD specifies that Card My Yard and its franchisees recognize the importance of restricting the use, access, and dissemination of confidential information. Therefore, franchisees must obtain a written agreement from their employees or associates to protect this information. This agreement ensures that individuals with access to sensitive data understand their obligations to maintain confidentiality.
The confidentiality agreement mandates that individuals must always maintain the confidentiality of the confidential information and use it only in connection with operating the Card My Yard business under the Franchise Agreement. By signing the agreement, the individual acknowledges that receiving and using the confidential information constitutes valuable consideration for their commitments. This agreement helps Card My Yard protect its trade secrets and maintain a competitive advantage.