Does the Cordova Franchise Agreement include a Confidentiality Agreement?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
2.B. TERM
Unless sooner terminated pursuant to the terms of this Agreement, the term of this Agreement will be for a period of 10 consecutive years, commencing from the Effective Date (the "Term").
2.C. GUARANTY, CONFIDENTIALITY AND RESTRICTIVE COVENANTS
If Franchisee is, at any time, a Corporate Entity, Franchisee agrees that each Owner and their respective Spouse shall execute, sign and deliver to Franchisor the Franchise Owner and Spouse Agreement and Guaranty attached to this Agreement as Exhibit 1 and, in doing so, among other things, will individually, jointly, and severally, guarantee Franchisee's obligations under this Agreement and personally bind themselves to confidentiality and non-competition covenants and restrictions.
**2.D.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the Franchise Agreement requires franchisees, their owners, and potentially their spouses to adhere to confidentiality obligations. If the franchisee is a corporation, each owner and their spouse must sign a Franchise Owner and Spouse Agreement and Guaranty, which includes personally binding confidentiality covenants.
Cordova also requires managers to sign confidentiality agreements. All employees, agents, and representatives who have access to confidential information must also sign a confidentiality agreement.
Exhibit 2 of the Franchise Agreement is a sample confidentiality agreement that Cordova may approve for use by the franchisee with their employees or contractors. However, Cordova requires the franchisee to have the agreement reviewed and approved by an independent local attorney before using it.