What security procedures must the Guarantor adhere to for Chocolate Bash confidential information?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
Confidential Information.** With respect to all Confidential Information Guarantor shall (a) adhere to all security procedures prescribed by CB Franchising for maintaining confidentiality, (b) disclose such information to its employees only to the extent necessary for the operation of the Business; (c) not use any such information in any other business or in any manner not specifically authorized or approved in writing by CB Franchising, (d) exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information during and after the term of the Franchise Agreement, (e) not copy or otherwise reproduce any Confidential Information, and (f) promptly report any unauthorized disclosure or use of Confidential Information.
Guarantor acknowledges that all Confidential Information is owned by CB Franchising or its affiliates (except for Confidential Information which CB Franchising licenses
from another person or entity). Guarantor acknowledges that all customer data generated or obtained by Guarantor is Confidential Information belonging to CB Franchising. This Section will survive the termination or expiration of the Franchise Agreement indefinitely.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the Guarantor must adhere to specific security procedures to protect confidential information. These procedures include adhering to all security measures prescribed by CB Franchising for maintaining confidentiality. The Guarantor can only disclose confidential information to employees to the extent necessary for business operations.
The Guarantor is prohibited from using confidential information in any other business or in any manner not specifically authorized or approved in writing by CB Franchising. They must exercise the highest degree of diligence and make every effort to maintain the confidentiality of all such information both during and after the term of the Franchise Agreement.
Additionally, the Guarantor is not allowed to copy or otherwise reproduce any confidential information and must promptly report any unauthorized disclosure or use of confidential information. The Guarantor acknowledges that all customer data generated or obtained is Confidential Information belonging to CB Franchising. These obligations regarding confidential information survive the termination or expiration of the Franchise Agreement indefinitely.