table_specific

Does the Crisp & Green Franchise Disclosure Document include an exhibit related to a Non-Competition, Non-Disclosure, and Proprietary Rights Agreement?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

EXHIBIT D TO THE FRANCHISE AGREEMENT NON-COMPETITION, NON-DISCLOSURE, AND PROPRIETARY RIGHTS AGREEMENT

I agree that during the term of my employment by, ownership participation in, association with or service to Franchisee, or at any time thereafter, I will not communicate, divulge or use for the benefit of any other person, persons, partnership, proprietorship, association, corporation or entity, Franchisor's proprietary and confidential information relating to the development and operation of Restaurants, including but not limited to: (1) ingredients, recipes, and methods of preparation and presentation of food products Franchisor authorizes; (2) site selection criteria for Restaurants and plans and specifications for the development of Restaurants; (3) sales, marketing and advertising programs and techniques for Restaurants; (4) identity of suppliers, and knowledge of specifications and pricing for food products, materials, supplies and equipment, Franchisor authorizes; (5) knowledge of operating results and financial performance of Restaurants, other than those Restaurants Franchisee owns; (6) methods of inventory control, storage, product handling, training and management relating to Restaurants; (7) computer systems and software programs; and (8) any and all other information Franchisor provides to me, Franchisee, Franchisee's Principal Owners or Affiliates, including but not limited to the Operations Manual, that is designated orally or in writing as proprietary or confidential, or by its nature would reasonably be understood to be proprietary or confidential, regardless of whether such information is specifically designated as proprietary or confidential (collectively, all information referenced above, including examples (1) through (8), is known as the "Confidential Information"). Furthermore, any and all information, knowledge, know-how, techniques and information which the entities mentioned above or their officers designate as confidential is considered (and hereby acknowledged by me as) Confidential Information for the purposes of this Agreement, except information which I can demonstrate came to my attention before disclosure or which had become or becomes a part of the public domain through publication or communication by others (unless the publication or communication violates a similar confidentiality agreement), but in no event through any act of mine. I specifically understand that, without limitation, all the above items, concepts, and/or examples contained in the preceding paragraph constitute Confidential Information of Franchisor. I will at no time copy, duplicate, record or otherwise reproduce any of the Confidential Information or material containing it, in whole or in part, store them in a computer retrieval or database, nor otherwise make them available to any unauthorized person.

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

Yes, according to the 2024 Crisp & Green Franchise Disclosure Document, Exhibit D to the Franchise Agreement is a Non-Competition, Non-Disclosure, and Proprietary Rights Agreement. This agreement outlines the restrictions and obligations concerning confidential information related to the Crisp & Green business.

The agreement specifies that during and after the term of employment, ownership, or association with the franchisee, individuals are prohibited from communicating, divulging, or using Crisp & Green's proprietary and confidential information for the benefit of any other entity. This includes details about ingredients, recipes, site selection criteria, marketing programs, supplier information, operating results, inventory control methods, computer systems, and any other information designated as proprietary or confidential.

The document clarifies that all information, knowledge, know-how, and techniques designated as confidential by Crisp & Green are considered Confidential Information. This excludes information that was already known or has become public through legitimate means. Franchisees and related parties are prohibited from copying, duplicating, or reproducing any Confidential Information or making it available to unauthorized persons. This exhibit is crucial for protecting Crisp & Green's trade secrets and maintaining a competitive advantage.

Disclaimer: This information is extracted from the 2024 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.