What documents is a Cinch I.T. franchisee permitted to retain after termination or expiration of the agreement?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
- (iv) To immediately turn over to Us any and all originals and copies of client lists, records, files, instructions, social media contact lists, correspondence including client related emails, brochures, computer software, computer CDs, DVDs or scandisks and any and all Confidential Information in Your possession, custody or control concerning or relating to the operation of the Franchised Business and/or Our operations or business. The only documents that You shall be permitted to retain are Your copy of this Agreement, any correspondence between You and Us and any other documents that You reasonably need to comply with a provision of applicable law;
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, upon termination or expiration of the franchise agreement, a franchisee must return all originals and copies of operations manuals, plans, specifications, designs, training aids, records, data, samples, models, programs, handbooks, client lists, records, files, instructions, social media contact lists, correspondence including client related emails, brochures, computer software, computer CDs, DVDs or scandisks and any and all Confidential Information.
However, the franchisee is permitted to retain specific documents. These include the franchisee's copy of the Franchise Agreement itself, any correspondence that occurred between the franchisee and Cinch I.T., and any other documents the franchisee reasonably needs to comply with applicable laws.
This stipulation ensures Cinch I.T. maintains control over its proprietary information and operational methods while allowing the franchisee to keep essential records related to their contractual relationship and legal obligations.