Is a Confidentiality Agreement included as an exhibit to the Dryer Vent Squad Franchise Agreement?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Agreement Exhibit 3 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 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, a sample form of Confidentiality Agreement is included as Exhibit 3 to the Franchise Agreement. However, the FDD states that this exhibit is for reference purposes only.
Dryer Vent Squad franchisees may need to have this agreement reviewed and approved by an independent local attorney before using it with an employee or contractor. This is to ensure that the agreement complies with local laws and adequately protects the franchisee's interests.
It is important for prospective Dryer Vent Squad franchisees to understand that the franchisor, DVS Holdings, Inc., is an intended third-party beneficiary of this agreement, although they are not a party to the agreement and do not own or manage the Dryer Vent Squad Business. This means that DVS Holdings, Inc. has certain rights and protections under the agreement, even though they are not directly involved in the relationship between the franchisee and their employees or contractors.