What exhibit contains the Confidentiality Agreement that must be executed during a Deck Medic franchise transfer?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Agreement Exhibit 2 Confidentiality Agreement
THIS EXHIBIT IS FOR REFERENCE PURPOSES ONLY AS A SAMPLE FORM CONFIDENTIALITY AGREEMENT THAT FRANCHISOR MAY APPROVE FOR USE BY FRANCHISEE – BEFORE USING WITH AN EMPLOYEE OR CONTRACTOR FRANCHISEE SHOULD HAVE THIS AGREEMENT REVIEWED AND APPROVED BY AN INDEPENDENT LOCAL ATTORNEY HIRED BY FRANCHISEE
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Exhibit 2 contains a sample form of the Confidentiality Agreement. However, the FDD specifies that this exhibit is for reference purposes only.
Before using this agreement with an employee or contractor, Deck Medic franchisees should have it reviewed and approved by an independent local attorney hired by the franchisee. The franchisor, Deck Medic, Inc., is identified as an intended third-party beneficiary of this agreement, although they are not a direct party to it.
This agreement is not an employment agreement but specifically addresses confidentiality related to information, materials, and access provided in connection with the Deck Medic Business. The agreement includes recitals and representations, acknowledging that the employee or contractor may gain access to confidential information and that protecting this information is essential.