What are the Deka Lash franchisee's obligations regarding maintaining the confidentiality of trade secrets (Item 9) and how does this relate to the restrictions on access to the franchise premises (Item 12)?
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:
What This Means (2024 FDD)
Based on the 2024 Deka Lash Franchise Disclosure Document, franchisees are required to sign a Confidentiality and Non-Disclosure Agreement. This agreement is made between DL Franchising, LLC and the recipient, pertaining to discussions regarding a franchise business opportunity. Deka Lash may grant the recipient access to confidential information, which the company wants to keep private, except as required by law. This agreement is made in consideration of the mutual promises and covenants contained within it.
While the FDD excerpts mention the existence of a Confidentiality and Non-Disclosure Agreement, the specific obligations regarding maintaining the confidentiality of trade secrets are not detailed in the provided Item 23 excerpts. The excerpts do not specify the exact terms, conditions, or duration of these confidentiality obligations.
Furthermore, the provided excerpts do not contain information on restrictions on access to the franchise premises (Item 12). Therefore, it is not possible to determine how the confidentiality obligations relate to restrictions on access to the franchise premises based on the given excerpts. A prospective franchisee should refer to the complete Item 9 and Item 12 of the FDD and consult with Deka Lash to fully understand these obligations and restrictions.