Where can I find the current form of the confidentiality agreement for Closet Storage Concepts?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
"3(b)".
- 6.4.4 Employees. Franchisee shall require its officers, directors, equity owners, employees (to the extent the employee has received Franchisor's initial training) and members of the immediate family of Franchisee, its officers, directors and equity owners to execute a confidentiality agreement containing provisions similar to those set forth in this Agreement. Our current form of confidentiality agreement is attached to this Agreement as Exhibit "3(a) and 3(b)".
- 6.4.5 Publicly-Owned Entity.
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the current form of the confidentiality agreement is attached to the Franchise Agreement as Exhibit "3(a) and 3(b)". This agreement is not only for the franchisee but also extends to other parties involved in the business.
Specifically, Closet Storage Concepts requires its officers, directors, equity owners, and employees (if they have received initial training from the franchisor) to execute confidentiality agreements. Immediate family members of the franchisee, its officers, directors, and equity owners must also sign these agreements. Spouses of franchisees are required to sign a Confidentiality, Non-Disclosure, and Non-Competition Agreement, which is included as Exhibit "3(b)".
These confidentiality agreements contain provisions similar to those in the main agreement and are designed to protect Closet Storage Concepts' trade secrets and confidential information. Franchisees are obligated to enforce these covenants and notify Closet Storage Concepts of any breaches or suspected breaches. All executed agreements must be forwarded to Closet Storage Concepts, and franchisees must retain copies of the confidentiality agreements with their business records for the period specified in the Operations Manual.