What are the prohibited actions regarding the Craters & Freighters agreement's confidentiality?
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 maintain the confidentiality of the agreement and related discussions. They are prohibited from revealing, discussing, publishing, or communicating any terms, amounts, or facts of the agreement to any person, organization, or other entity.
There are exceptions to this confidentiality clause. Disclosure is permitted to their respective officers, employees, or professional representatives, or when required by law. This ensures that necessary parties involved in the franchisee's business operations or legal compliance can access the information without violating the agreement.
This confidentiality clause is a standard practice in franchising to protect the franchisor's proprietary information and maintain the integrity of the franchise system. Franchisees should be aware of these restrictions and ensure compliance to avoid potential legal issues. Prospective franchisees should consult with a legal professional to fully understand the implications of this clause before signing the agreement.