factual

What must a Floyds 99 franchisee do if an employee breaches the confidentiality agreement related to the Program?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

If a data security breach occurs, the Franchisee must immediately notify the Franchisor and comply with all investigation and remediation efforts related to such breach consistent with the Franchisor's standards and specifications.

The Franchisee shall cause each of its employees who has access to the Program to execute a written confidentiality agreement in a form prescribed or approved in writing by the Franchisor.

The Franchisee shall keep the Program and any data generated by the use of the Program confidential during and after the term hereof, and shall establish and maintain such security precautions as are prescribed by the Franchisor from time to time to maintain the secrecy of the Program and any data generated by the use of the Program, and to prevent the unauthorized access to or use, disclosure or copying of the Program or any data generated by the use of the Program.

Source: Item 22 — CONTRACTS (FDD pages 57–58)

What This Means (2025 FDD)

According to the 2025 Floyds 99 Franchise Disclosure Document, if a data security breach occurs, the franchisee must immediately notify Floyds 99 and comply with all investigation and remediation efforts related to such breach consistent with Floyds 99's standards and specifications. This requirement is part of the broader responsibility of the franchisee to protect the Program and data generated by its use.

Floyds 99 requires franchisees to ensure that each employee with access to the Program executes a written confidentiality agreement. This agreement is intended to protect sensitive information and prevent unauthorized access, use, disclosure, or copying of the Program or its data. The franchisee is responsible for maintaining security precautions to keep the Program and its data confidential both during and after the franchise term.

In practical terms, this means a Floyds 99 franchisee must have systems in place to monitor data security, train employees on confidentiality, and act swiftly in the event of a breach. Failure to comply with these requirements could lead to further investigation, penalties, or even termination of the franchise agreement. Franchisees should ensure they understand Floyds 99's standards and specifications for data security and maintain open communication with the franchisor regarding any potential breaches.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.