In the Engel & Volkers Confidentiality Agreement, what is the term used to refer to the party receiving confidential information from Engel & Volkers Americas, Inc.?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS CONFIDENTIALITY AGREEMENT, dated,, ("Agreement") | ||
|---|---|---|
| is made by and between ENGEL & VÖLKERS AMERICAS, INC., a Delaware corporation ("Franchisor" or "Engel & Völkers") with an office located at 430 Park Avenue, 11th Floor, New York, New York, 10022, | ||
| and | ("Recipient"), located at | , |
| , |
Source: Item 23 — RECEIPTS (FDD pages 88–302)
What This Means (2025 FDD)
According to the 2025 Engel & Volkers Franchise Disclosure Document, the party receiving confidential information from Engel & Volkers Americas, Inc. is referred to as the "Recipient" in the Confidentiality Agreement. This agreement outlines the terms and conditions under which Engel & Volkers discloses confidential information to the potential franchisee for the purpose of evaluating a franchise relationship. The Recipient's obligations include using the information solely for evaluation purposes, maintaining absolute confidentiality, and not disclosing it to third parties without prior written consent from Engel & Volkers.
The agreement emphasizes the importance of protecting Engel & Volkers' confidential information and trade secrets. The Recipient acknowledges that unauthorized disclosure or misuse of this information could cause irreparable injury to Engel & Volkers. Therefore, the agreement includes provisions for injunctive relief and indemnification to safeguard Engel & Volkers' interests. This underscores the seriousness with which Engel & Volkers treats its proprietary information and the legal ramifications for any breach of confidentiality by the Recipient.
Prospective Engel & Volkers franchisees should carefully review the Confidentiality Agreement to fully understand their obligations regarding the use and protection of confidential information. They should also be aware that these obligations extend beyond the evaluation phase and continue even if they decide not to enter into a franchise agreement with Engel & Volkers. This enduring responsibility highlights the long-term commitment to confidentiality that Engel & Volkers expects from anyone who gains access to its proprietary information.