Who can the Craters & Freighters Franchisee and Guarantor reveal the terms of the agreement to?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Each of Franchisee and Guarantor acknowledges and agrees that this Agreement and matters discussed in relation thereto are entirely confidential.
It is therefore understood and agreed by Franchisee and Guarantor that neither of them will reveal, discuss, publish, or in any way communicate any of the terms, amount or fact of this Agreement to any person, organization or other entity, except to their respective officers, employees or professional representatives, or as required by law.
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, the Franchisee and Guarantor acknowledge that the Franchise Agreement and related discussions are confidential. They agree not to reveal, discuss, publish, or communicate any terms, amounts, or facts about the agreement to any person, organization, or entity.
However, there are exceptions to this confidentiality. The Franchisee and Guarantor can disclose the terms to their respective officers, employees, or professional representatives. Disclosure is also permitted if required by law. This means a Craters & Freighters franchisee can discuss the agreement with their lawyer, accountant, or business partners, as long as those individuals need to know the information.
This confidentiality clause is a standard practice in franchising to protect the franchisor's proprietary information and maintain consistency across the franchise system. Prospective Craters & Freighters franchisees should carefully consider these confidentiality obligations and ensure they understand the limitations on disclosing the terms of their agreement.