Which individuals associated with an Engel & Volkers franchisee are required to execute the Confidentiality Agreement and Covenant Not to Compete?

According to Engel & Volkers's 2025 Franchise Disclosure Document, a franchisee must ensure that certain individuals associated with their franchise operation execute Engel & Volkers's standard Confidentiality Agreement and Covenant Not to Compete. These individuals include the franchisee's shareholders, partners, members, officers, directors, managers, staff members, and Sales Advisors. This requirement ensures that all individuals with access to Engel & Volkers's confidential information are legally bound to protect it.

The Confidentiality Agreement and Covenant Not to Compete are crucial for protecting Engel & Volkers's proprietary information and business interests. By requiring these individuals to sign the agreement, Engel & Volkers aims to prevent the unauthorized disclosure or use of confidential information, as well as to restrict individuals from competing with the franchise during and after their association with it. This is a common practice in franchising to safeguard the brand's competitive advantage and maintain consistency across the franchise system.

Specifically, the agreement ensures that these individuals understand their obligations regarding the confidentiality of the information they receive and their commitment not to engage in competitive activities. This helps to maintain the integrity of the Engel & Volkers system and protect the interests of both the franchisor and other franchisees within the network. Prospective franchisees should carefully review the terms of the Confidentiality Agreement and Covenant Not to Compete to understand their obligations and ensure compliance.