In the Fat Shack Nondisclosure and Noncompetition Agreement, who are the parties involved in the agreement?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
This Nondisclosure and Noncompetition Agreement (this "Agreement") is made and entered into effective as of the date set forth on the signature page hereof, by and among FAT SHACK INC., a Delaware corporation ("FSI") located at 420 East 58th Avenue, Suite 128B, Denver, Colorado 80216, the undersigned franchisee ("Company"), and the undersigned associate of Company ("Associate").
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to the 2025 Fat Shack Franchise Disclosure Document, the parties involved in the Nondisclosure and Noncompetition Agreement are Fat Shack Inc. ("FSI"), the franchisee ("Company"), and the franchisee's associate ("Associate"). This agreement is effective as of the date on the signature page.
The agreement is made because Fat Shack and its affiliates have developed proprietary methods for operating Fat Shack restaurants, using confidential information. The franchisee is a party to the agreement because they have an existing franchise or development agreement with Fat Shack. The associate is involved because they will have access to confidential information related to Fat Shack's operations.
Fat Shack requires the franchisee's associate to enter into this agreement to protect Fat Shack's confidential information, know-how, systems, designs, trade secrets, and proprietary rights. The agreement ensures that the associate will not disclose confidential information or compete with Fat Shack or the franchisee. By signing, all parties agree to the terms outlined in the agreement, including those related to confidential information and noncompetition.