Who must sign the System Protection 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, the System Protection Agreement must be signed by any Designated Manager and, if the franchisee is an entity, any officer that does not own equity in the franchisee entity. This agreement aims to protect Crepe De Licious's confidential information and system.
This requirement ensures that individuals with access to sensitive business information are legally bound to protect it, even if they do not have an ownership stake in the franchise. This is a common practice in franchising to safeguard trade secrets and operational methods.
Additionally, all employees, independent contractors, agents, or representatives who may access Crepe De Licious's Confidential Information must sign a Confidentiality Agreement, unless they have already signed a System Protection Agreement. If the franchisee is an entity, each owner must sign an Owners Agreement guaranteeing the entity's obligations, and the spouses of the franchise owners must also sign the Owners Agreement.