What documents constitute the entire agreement regarding confidential information and non-competition for Engel & Volkers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement together with the Franchise Agreement constitutes the entire agreement and understanding among the parties hereto with respect to the disclosure of Confidential Information to Recipient and Recipient's non-competition obligations, and shall not be amended except pursuant to a written agreement executed by each of the parties hereto.
This Agreement shall be binding upon the parties hereto and their respective heirs, administrators, successors and assigns.
Recipient understands that the rights and remedies of Franchisor under this Agreement are fully assignable and transferable and will inure to the benefit of its respective affiliates, successors and assigns.
Recipient further understands and agrees
that Recipient's obligations hereunder may not be assigned by Recipient without the prior written consent of Franchisor.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the entire agreement regarding the disclosure of confidential information and non-competition between Engel & Volkers and the recipient is comprised of the Confidentiality Agreement and Covenant Not to Compete, along with the Franchise Agreement. These documents together outline the complete understanding between the parties involved. The agreement specifies that it can only be amended through a written agreement executed by all parties.
This agreement is binding upon the parties, their heirs, administrators, successors, and assigns. Engel & Volkers' rights and remedies under this agreement are fully assignable and transferable, benefiting its affiliates, successors, and assigns. However, the recipient's obligations cannot be assigned without the prior written consent of Engel & Volkers.
This clause ensures that all parties are clear on their responsibilities regarding confidential information and non-competition, protecting Engel & Volkers' interests while also outlining the franchisee's obligations. Prospective franchisees should carefully review both the Franchise Agreement and the Confidentiality Agreement and Covenant Not to Compete to fully understand their commitments and restrictions.