What exhibit in the Cinch I.T. FDD contains the Spousal Non-Disclosure and Non-Competition Agreement?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC
SPOUSAL NON-DISCLOSURE AND NON-COMPETITION AGREEMENT
SPOUSAL NON-DISCLOSURE AND NON-COMPETITION AGREEMENT
This Agreement is made and entered into between CINCH FRANCHISE, LLC, a Massachusetts limited liability company, with its principal place of business at Mountain Street, Worcester, Massachusetts 01601 ("Franchisor") and 27 West , a/an with its principal place of business the spouse or domestic partner at of an ("Franchisee") and, owner of Franchisee ("Signer ") with a primary residence at
RECITALS
WHEREAS, Franchisor has developed, is using and is the owner of all rights in a unique system (hereinafter "CINCH I.T. SYSTEM") for the development and operation of a business which provides Information Technology Support Services under the trade name and mark CINCH I.T. (hereinafter "CINCH I.T.");
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, the Spousal Non-Disclosure and Non-Competition Agreement is found in Exhibit H. This agreement is between Cinch I.T., the franchisee, and the franchisee's spouse or domestic partner.
The agreement includes recitals that acknowledge Cinch I.T.'s ownership and rights to its unique system for providing Information Technology Support Services under the Cinch I.T. trade name and mark. The agreement likely requires the spouse or domestic partner to maintain the confidentiality of Cinch I.T.'s trade secrets and other confidential information.
Prospective franchisees should carefully review Exhibit H with their legal counsel to understand the full scope of the obligations imposed on their spouse or domestic partner. This is a standard practice in franchising to protect the franchisor's confidential information and trade secrets, as the spouse may have access to sensitive business information.