What is the deadline for a Craters & Freighters franchisee to provide Franchisor with a copy of each signed Confidentiality and Non-Competition Agreement?

According to the 2025 Craters & Freighters Franchise Disclosure Document, a franchisee must provide Craters & Freighters with a copy of each signed Confidentiality and Non-Competition Agreement within ten days of the agreement's execution. This requirement applies to agreements signed by the franchisee's owners, officers, directors, shareholders, partners, and even the franchisee's spouse or significant other.

This stipulation ensures that Craters & Freighters has a record of all parties bound by confidentiality and non-competition terms, which is crucial for protecting the brand's trade secrets and business interests. The relatively short ten-day window emphasizes the importance of promptly securing and documenting these agreements.

For a prospective Craters & Freighters franchisee, this means establishing a clear process for obtaining these signed agreements and submitting them to the franchisor in a timely manner. Failure to comply with this requirement could potentially lead to breaches of contract and associated penalties. It is a common practice in franchising to have such agreements to protect the franchisor's confidential information and prevent unfair competition.