Does the Engel & Volkers Franchise Agreement include an appendix related to confidentiality and non-competition agreements for Engel & Volkers franchisees?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
The following agreements are attached to this Franchise Disclosure Document:
Exhibit C: Franchise Agreement, with Appendices:
App. 3 Confidentiality Agreement and Covenant Not to Compete
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the Franchise Agreement includes an appendix specifically addressing confidentiality and non-competition. Exhibit C of the FDD lists the Franchise Agreement with appendices, including App. 3, which is the Confidentiality Agreement and Covenant Not to Compete. This indicates that franchisees are bound by specific terms regarding the protection of Engel & Volkers' confidential information and restrictions on competitive activities.
This agreement likely outlines what constitutes confidential information, how it must be protected during the franchise term, and the franchisee's obligations upon termination or expiration of the agreement. The non-compete provisions probably detail the scope and duration of restrictions on operating a competing business, which is a standard practice in franchising to protect the brand and system.
Prospective Engel & Volkers franchisees should carefully review Appendix 3 to understand the full extent of their confidentiality and non-competition obligations. Understanding these restrictions is crucial for planning their business activities during and after the franchise term to avoid potential legal issues or conflicts with Engel & Volkers.