What is the definition of 'Covenantor' in the context of the Caring Transitions franchise agreement?

According to Caring Transitions' 2025 Franchise Disclosure Document, a Covenantor is defined as an owner, director, or officer of the franchisee. The FDD specifies that as a condition for granting the franchise, all owners, directors, officers, and managers of the franchisee must agree to certain covenants to prevent unfair competition with Caring Transitions. These individuals, as Covenantors, are subject to specific obligations and restrictions outlined in the franchise agreement.

The Covenantor acknowledges the confidential and proprietary nature of Caring Transitions' operations manual, sales and marketing methods, pricing techniques, promotional materials, financial information, and customer lists. They agree to use this information solely for the franchisee's benefit and not to disclose or use it for the benefit of any other person or entity. This confidentiality obligation extends both during the term of the franchise agreement and after its termination.

Furthermore, the Covenantor recognizes Caring Transitions' rights to its service marks, logos, and trade names. They agree not to infringe upon these marks or contest their validity. During the term of the franchise agreement, the Covenantor is prohibited from engaging in activities that could harm the goodwill associated with the Caring Transitions brand or the operating system. This includes diverting business, assisting competitive businesses, or operating a competitive business, subject to certain exceptions. These covenants aim to protect Caring Transitions' business interests and maintain the integrity of its franchise system.