Is the Cinch I.T. Confidentiality Agreement attached as an exhibit to the Disclosure Document?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
General Managers and anyone required to attend training cannot have an interest in or business relationship with any business competitive with the CINCH I.T. concept. We require your managers to sign our then-current form of Non-Disclosure, Non-Solicitation and Non-Competition Agreement; our current form is attached as Exhibit F to this Disclosure Document, subject to applicable state law. We require your employees to sign our then-current form of Confidentiality Agreement; our current form is attached as Exhibit G to this Disclosure Document.
Source: Item 22 — CONTRACTS (FDD page 60)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the Confidentiality Agreement that Cinch I.T. requires its franchisees' employees to sign is attached as Exhibit G to the Disclosure Document. This agreement aims to protect Cinch I.T.'s trade secrets and confidential information.
Cinch I.T. also requires general managers, and anyone attending training, to sign a Non-Disclosure, Non-Solicitation, and Non-Competition Agreement. The current form of this agreement is attached as Exhibit F to the Disclosure Document.
These agreements are standard practice in franchising to safeguard the franchisor's proprietary information and prevent unfair competition. Prospective Cinch I.T. franchisees should carefully review Exhibits F and G to understand the obligations they and their employees will have regarding confidentiality, non-solicitation, and non-competition.