Does the Deka Lash franchise agreement specify any financial thresholds related to the disclosure or misuse of confidential information?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
THIS CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT ("Agreement") is made on the date entered below between DL Franchising, LLC d/b/a Deka Lash ("Company") and the below named recipient ("Recipient").
WHEREAS, Company has or is about to undertake discussions with Recipient regarding a franchise business opportunity (the "Opportunity"); and
WHEREAS, in connection with the Opportunity, Company may grant to Recipient access to Confidential Information, which such Confidential Information, including its existence and terms, the Company does not want made public, except as may be required by law;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
The 2024 Deka Lash Franchise Disclosure Document includes a Confidentiality and Non-Disclosure Agreement, indicating the importance of protecting sensitive business information. The agreement is between DL Franchising, LLC d/b/a Deka Lash and the recipient, concerning discussions about a franchise business opportunity.
The document states that Deka Lash may grant the recipient access to Confidential Information in connection with the Opportunity. The company wants to keep this Confidential Information private, including its existence and terms, except when disclosure is legally required.
However, the excerpt does not specify any particular financial thresholds or penalties associated with the disclosure or misuse of confidential information. A prospective franchisee should carefully review the full Confidentiality and Non-Disclosure Agreement (Exhibit F-3, as listed in the Exhibit N receipt) within the FDD and consult with a legal professional to fully understand the obligations and potential liabilities related to confidential information under the Deka Lash franchise agreement.