Where can I find the current form of the Confidentiality Agreement for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT H-3
EXTREME ART FRANCHISE
SAMPLE CONFIDENTIALITY AGREEMENT
This Confidentiality Agreement ("Agreement") is entered into by the undersigned ("you") in favor of Extreme Art Studio Franchising, LLC, a Minnesota limited liability company, and its successors and assigns ("us"), upon the terms and conditions set forth in this Agreement.
1. Definitions.For purposes of this Agreement, the following terms have the meanings given to them below:
"Copyrights" means all works and materials for which we or our affiliate(s) have secured common law or registered copyright protection and that we allow Extreme Art franchisees to use, sell, or display in connection with the marketing and/or operation of an Extreme Art Business, whether now in existence or created in the future.
"Franchisee" means the Extreme Art franchisee for which you are an employee, independent contractor, agent, representative, or supplier.
"Intellectual Property" means, collectively or individually, our Marks, Copyrights, Know-how, Manual, and System.
"Extreme Art Studio Business" means either: a) a business that operates art studios in a class, camp, activity and party format that focuses on art activities and other related products and services using our Intellectual Property, or b) a business that operates by offering art lessons in a class, camp, activity and party format that focuses on art activities and other related products and services using our Intellectual Property.
"Know-how" means all of our trade secrets and other proprietary information relating to the development, construction, marketing, and/or operation of an Extreme Art Studio Business, including, but not limited to, methods, techniques, specifications, proprietary practices and procedures, policies, marketing strategies, and information comprising the System and the Manual.
"Manual" means our confidential Franchise Operations Manual for the operation of an Extreme Art Studio Business.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, a sample of the Confidentiality Agreement can be found in Exhibit H-3. This agreement is between Extreme Art Studio Franchising, LLC, and the employee, independent contractor, agent, representative, or supplier of the franchisee. The agreement outlines the terms and conditions related to confidential information.
The Confidentiality Agreement defines key terms such as "Copyrights," "Franchisee," "Intellectual Property," "Extreme Art Studio Business," "Know-how," and "Manual." These definitions clarify the scope of confidential information that the agreement protects. The agreement aims to protect Extreme Art Studio's intellectual property, which includes trade secrets, proprietary information, and the franchise operations manual.
The agreement states that the individual signing it acknowledges that they may gain knowledge of Extreme Art Studio's intellectual property due to their relationship with the franchisee. It emphasizes the importance of protecting this intellectual property for the success of both the franchisor and its franchisees. The agreement also specifies that the individual must not use the intellectual property in any way that is not beneficial to the Extreme Art Studio Business or that is detrimental to the franchisor or franchisee. The individual must maintain the confidentiality of the intellectual property at all times and take reasonable steps to prevent unauthorized use or disclosure. If the person is no longer associated with the Extreme Art Studio Business, they must immediately stop using the intellectual property.