In the Del Taco Non-Disclosure Agreement, what are the two parties collectively referred to as?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS NON-DISCLOSURE AGREEMENT ("Agreement") is made and entered into on the | _day of |
|---|---|
| , 20 | , between Del |
| Taco, LLC, a California limited liability company, having its principal place of business at 25521 | Commercentre |
| Drive, Suite 150, Lake Forest, California 92630 ("Del Taco"); and | _,a corporation, |
| having its principal place of business at | ("Prospective |
| Franchisee") (collectively, "Parties"). |
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the Non-Disclosure Agreement specifies that Del Taco, LLC and the Prospective Franchisee are collectively referred to as the "Parties." This definition is important for understanding the legal context of the agreement, as it clearly identifies all entities bound by the terms of the agreement.
For a prospective Del Taco franchisee, this means that both Del Taco and the individual or entity considering the franchise are equally subject to the stipulations outlined in the Non-Disclosure Agreement. This agreement is designed to protect Del Taco's confidential business information during the evaluation phase, before a franchise agreement is finalized.
Understanding that both parties are equally bound by the agreement's terms ensures that the prospective franchisee is aware of their responsibilities regarding the handling and protection of Del Taco's proprietary information. This includes maintaining confidentiality and using the information solely for the purpose of evaluating the franchise opportunity.