Who is identified as the intended third-party beneficiary of the confidentiality agreement related to the Dryer Vent Squad Business?

According to the 2024 Dryer Vent Squad FDD, the franchisor, DVS Holdings, Inc., is identified as an intended third-party beneficiary of the Confidentiality Agreement. This agreement is used between the Dryer Vent Squad franchisee and their employees or contractors.

This means that while DVS Holdings, Inc. is not a direct party to the confidentiality agreement between the franchisee and their personnel, they still have rights and can enforce the agreement as if they were a direct party. This is because the agreement is designed to protect the confidential information and the Dryer Vent Squad system as a whole, which benefits the franchisor.

For a prospective Dryer Vent Squad franchisee, this highlights the importance of ensuring that their employees and contractors maintain the confidentiality of sensitive business information. Failure to do so could not only result in legal action from the franchisee but also from DVS Holdings, Inc. directly. The FDD also advises franchisees to have the agreement reviewed by an independent local attorney before using it with an employee or contractor.