What condition is the Confidential Information disclosed to me on for Closet Storage Concepts?

According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the confidential information, including trade secrets and proprietary knowledge, is disclosed to you under the strict condition that you agree to hold it in the strictest confidence. This means you are legally obligated to protect this information and prevent its unauthorized disclosure or use.

Specifically, as an employee or franchisee, you can only use the confidential information to fulfill your duties within the Closet Storage Concepts system. Any use or duplication of this information outside the authorized scope is considered an unfair method of competition. This restriction extends beyond your affiliation with the Closet Storage Concepts; even after you cease to be an employee or franchisee, you must continue to protect the confidential information unless it becomes publicly known through legitimate means, not through any breach of your obligations.

Closet Storage Concepts also requires that you not forward or provide the confidential information to any third party, nor store it on any personal or third-party electronic device, unless expressly authorized by Closet Storage Concepts. This is to ensure that the confidential information remains secure and is not compromised by unauthorized access. The franchisor also has the right to modify the scope of any covenant set forth in the agreement without your consent, effective immediately upon written notice.

Furthermore, Closet Storage Concepts mandates that spouses of franchisees sign a Confidentiality, Non-Disclosure, and Non-Competition Agreement. This highlights the importance Closet Storage Concepts places on protecting its confidential information and trade secrets, ensuring that all parties with access to this information are legally bound to maintain its confidentiality and prevent its misuse.