factual

Is a Craters & Freighters franchisee's spouse or significant other also required to sign the Confidentiality and Non-Competition Agreement?

Craters_Freighters Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee must ensure and require that all of Franchisee's owners, officers, directors, shareholders, and partners (each a "Restricted Person" and, collectively, "Restricted Persons") execute a prescribed form of confidentiality and non-competition agreement that will be in substantially the same form attached to this Agreement as Attachment F ("Confidentiality and Non-Competition Agreement").

Franchisee must obtain a signed copy of the Confidentiality and Non-Competition Agreement from every such Restricted Person prior to, or at the same time of, that Restricted Person undertaking its role with Franchisee.

Franchisee's spouse or significant other will also be bound by the same requirement and will sign the same Confidentiality and Non-Competition Agreement.

Franchisee must provide Franchisor with a copy of each signed Confidentiality and Non-Competition Agreement within ten (10) days of executing such Confidentiality and Non-Competition Agreement.

Source: Item 22 — CONTRACTS (FDD pages 49–50)

What This Means (2025 FDD)

According to the 2025 Craters & Freighters Franchise Disclosure Document, a franchisee's spouse or significant other is required to sign the Confidentiality and Non-Competition Agreement. This requirement ensures that all parties with close ties to the franchisee are legally bound to protect Craters & Freighters' confidential information and trade secrets.

The FDD states that the franchisee must ensure all owners, officers, directors, shareholders, and partners (referred to as "Restricted Persons") execute the Confidentiality and Non-Competition Agreement. This agreement is in substantially the same form as Attachment F of the Franchise Agreement. The franchisee must obtain a signed copy of this agreement from every Restricted Person before or at the time they begin their role with the franchisee.

Furthermore, the FDD explicitly states that the franchisee's spouse or significant other is also bound by the same requirement and must sign the same Confidentiality and Non-Competition Agreement. The franchisee is responsible for providing Craters & Freighters with a copy of each signed agreement within ten days of its execution. This measure is in place to prevent unauthorized use or disclosure of confidential information, which could harm Craters & Freighters' competitive advantage.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.