To whom can the franchisee reveal the terms of the Craters & Freighters agreement without violating the confidentiality clause?
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 must keep the Franchise Agreement and related discussions confidential. However, there are exceptions to this rule.
The franchisee and guarantor can reveal the terms, amount, or facts of the agreement to their respective officers, employees, or professional representatives without violating the confidentiality clause. This allows the franchisee to seek advice from professionals like attorneys or accountants, as well as to share necessary information with their staff for business operations.
Additionally, disclosure is permitted if required by law. This exception covers situations where a court order or legal requirement mandates the disclosure of the agreement's terms. It is important for the franchisee to understand these exceptions to ensure they do not inadvertently breach the confidentiality agreement while managing their business and seeking professional guidance.