Is the confidential information agreement binding upon the administrators of Engel & Volkers?

According to Engel & Volkers' 2025 Franchise Disclosure Document, the Confidentiality Agreement is binding upon the administrators of the parties involved. Specifically, the agreement is binding upon the parties and their respective heirs, administrators, successors, and assigns. This means that the obligations outlined in the agreement extend beyond the original recipient to include those who may inherit or administer their affairs.

This provision ensures that the confidentiality obligations survive any changes in the recipient's status, such as death or incapacitation. The administrators or heirs would be legally responsible for upholding the terms of the agreement, preventing unauthorized disclosure or misuse of Engel & Volkers' confidential information. This protection is crucial for Engel & Volkers to maintain the integrity and proprietary nature of its business systems and trade secrets.

For a prospective Engel & Volkers franchisee, this clause highlights the importance of understanding and adhering to the confidentiality terms. It also implies that these obligations are not easily escaped and will be enforced even in unforeseen circumstances. Franchisees should carefully consider the scope of the confidential information and the potential liabilities associated with its misuse, not only for themselves but also for their estate or successors.