Who must sign a Confidentiality Agreement for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Any Designated Manager and, if you are an entity, any officer that does not own equity in the franchisee entity must sign the System Protection Agreement, the form of which is attached to this Franchise Disclosure Document in Exhibit G. All of your employees, independent contractors, agents, or representatives that may have access to our Confidential Information must sign a Confidentiality Agreement (unless they already signed a System Protection Agreement), the current form of which is attached to this Franchise Disclosure Document in Exhibit G. If you are an entity, each owner (i.e., each person holding an ownership interest in you) must sign an Owners Agreement guarantying the obligations of the entity in the form of which is attached to the Franchise Agreement as Attachment C. We also require that the spouses of the Franchise owners sign the Owners Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, all employees, independent contractors, agents, or representatives who may have access to Crepe De Licious's confidential information must sign a Confidentiality Agreement. This requirement ensures that sensitive business information remains protected and is not disclosed to unauthorized parties. The Confidentiality Agreement is included as Exhibit G in the FDD.
This agreement is separate from the System Protection Agreement, which is signed by any Designated Manager and, if the franchisee is an entity, any officer that does not own equity in the franchisee entity. The System Protection Agreement serves a similar purpose of safeguarding the Crepe De Licious system's proprietary information.
Franchisees should carefully review the Confidentiality Agreement and ensure that all individuals who meet the specified criteria sign the agreement to comply with Crepe De Licious's requirements and protect the franchise's confidential information. Franchisees should consult with legal counsel to fully understand the implications of these agreements and their obligations to maintain confidentiality.