What is the name of the agreement that Restricted Persons must sign for a Craters & Freighters franchise?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | |||||||||
| of | Restricted ("Franchisee"), in accordance with the terms and conditions set forth in this Agreement. | Person's | status | as | a(n) | of |
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 must sign a "Confidentiality and Non-Compete Agreement". This agreement is designed to protect Craters & Freighters's interests by preventing individuals with knowledge of the company's operations from competing or sharing confidential information. The agreement is made in consideration of the Restricted Person's status as a franchisee.
This agreement is between the Restricted Person and Craters & Freighters Franchise Company. It is effective as of the date it is signed. The agreement is in favor of Craters & Freighters Franchise Company.
Prospective franchisees should carefully review the terms of this agreement with their legal counsel to understand the full scope of the restrictions and obligations it imposes.