Where can I find the current form of the nondisclosure and non-competition agreement for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
You may not use our Confidential Information in an unauthorized manner. You must adopt and implement procedures to prevent unauthorized use or disclosure of Confidential Information, including restricting its disclosure to personnel of your Extreme Art Studio Business and certain other people, and using nondisclosure and non-competition agreements with those having access to Confidential Information in a form determined by us (our current form is attached in Exhibit H to this Franchise Disclosure Document). We may regulate the form of agreement that you use, and we will be a third-party beneficiary of that agreement with independent enforcement rights.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 40–41)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the current form of the nondisclosure and non-competition agreement that franchisees must use with personnel having access to confidential information is attached as Exhibit H. Extreme Art Studio retains the right to regulate the form of the agreement. Extreme Art Studio is also a third-party beneficiary of the agreement, with independent enforcement rights.
This means that if you become an Extreme Art Studio franchisee, you will be required to have certain personnel, such as employees, sign a non-disclosure and non-competition agreement. The specific form of this agreement is determined by Extreme Art Studio and can be found in Exhibit H of the FDD.
As a franchisee, it is important to understand that Extreme Art Studio can modify this agreement and has the right to enforce it directly, even though your employees are signing it. This ensures that Extreme Art Studio can protect its confidential information and system-wide standards. Prospective franchisees should carefully review Exhibit H and understand the obligations it places on their employees and themselves.