What agreement must individuals undergoing training for an Engel & Volkers franchise assignment execute?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Each individual undergoing such training must first execute the Confidentiality/Non-Competition Agreement attached hereto.
Franchisor may waive these requirements if the proposed assignee is one of Franchisor's existing franchisees in good standing.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, any individual participating in training for a franchise assignment must first sign the Confidentiality/Non-Competition Agreement. This agreement is attached to the FDD.
This requirement ensures that confidential business information and trade secrets of Engel & Volkers are protected during the training process. By signing this agreement, individuals commit to not disclosing sensitive information they learn and to not compete with Engel & Volkers, safeguarding the brand's competitive advantage.
Engel & Volkers may waive this requirement if the proposed assignee is an existing franchisee in good standing. This waiver streamlines the process for current franchisees who are already bound by similar confidentiality and non-competition obligations. This ensures brand consistency and protection of proprietary information while allowing flexibility in certain circumstances.