What agreement must Cilantro Taco Grill personnel with access to Confidential Information sign?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
Your manager and all other personnel who will have access to our proprietary and Confidential Information and training must sign our Non-Disclosure/Non-Competition Agreement. If your Franchised Business is owned by an entity, all owners of the entity must personally sign the Franchise Agreement as a Principal. Your spouse is not required to sign a personal guaranty.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 36–37)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, any manager or other personnel who have access to Cilantro Taco Grill's proprietary and confidential information and training must sign a Non-Disclosure/Non-Competition Agreement. If the Cilantro Taco Grill franchise is owned by an entity, all owners of the entity must personally sign the Franchise Agreement as a Principal. However, a franchisee's spouse is not required to sign a personal guarantee.
This requirement ensures that Cilantro Taco Grill's sensitive business information, such as recipes, marketing strategies, and operational methods, remains protected. By having employees and owners sign these agreements, Cilantro Taco Grill aims to prevent the unauthorized use or disclosure of confidential information that could harm the brand's competitive advantage.
For a prospective franchisee, this means they will need to ensure that all relevant personnel, including managers and potentially all owners of the franchise entity, are willing to sign these agreements as a condition of their employment or ownership. This could involve explaining the terms of the agreement to potential hires or co-owners and ensuring they understand their obligations regarding confidentiality and non-competition. The franchisee is responsible for training and informing their employees of the restrictions, terms, and conditions under which they are permitted to use Cilantro Taco Grill's confidential information and must ensure their employees comply with these terms.