Who is considered a 'Restricted Person' in the context of a Craters & Freighters franchise agreement?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
: | % | | Name: | Signed: | % |
ATTACHMENT F TO FRANCHISE AGREEMENT
CONFIDENTIALITY AND NON-COMPETE AGREEMENT
| This Confidentiality and Non-Compete Agreement ("Agreement") is entered into by | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ("Restricted Person") on ("Effective | Date"), in favor of Craters & Freighters Franchise Company ("Franchisor") and in consideration |
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, a 'Restricted Person' is referenced within the context of a Confidentiality and Non-Compete Agreement. The agreement is made between the 'Restricted Person' and Craters & Freighters Franchise Company, the franchisor.
The document indicates that the agreement is related to the 'Restricted Person's' status as a franchisee. The 'Restricted Person' acknowledges that they will have access to confidential information and trade secrets crucial to Craters & Freighters' success and its franchisees.
This agreement aims to prevent damage to the Craters & Freighters system that could arise from disclosing confidential information, trade secrets, or engaging in unfair competition with Craters & Freighters. The 'Restricted Person' agrees not to use confidential information or trade secrets in any other business, to maintain confidentiality, and to avoid unauthorized copies of such information, even after their relationship with the franchisee ends.