What is the name of the document attached as Appendix 3 to the Engel & Volkers Franchise Agreement?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit C: Franchise Agreement, with Appendices:
App. 3 Confidentiality Agreement and Covenant Not to Compete
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 61–62)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, Appendix 3 to the Franchise Agreement is the Confidentiality Agreement and Covenant Not to Compete. This document is included as part of Exhibit C, which contains the Franchise Agreement and all its appendices.
For a prospective Engel & Volkers franchisee, this means that upon signing the Franchise Agreement, they will also be bound by the terms of the Confidentiality Agreement and Covenant Not to Compete. This agreement likely restricts the franchisee from disclosing confidential information about the Engel & Volkers system and prevents them from competing with Engel & Volkers during and after the franchise term within a specified geographic area.
It is important for potential franchisees to carefully review the terms of this agreement, as it can have significant implications for their future business activities. Understanding the scope of the confidentiality obligations and the restrictions on competition is crucial before entering into the franchise agreement with Engel & Volkers.