What agreement must Fly Fitness personnel who have access to Confidential Information sign?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
on or give it to a third party except as we authorize in writing to you prior to any dissemination. Your personnel who have access to our Confidential Information must sign our Confidentiality/Non-Competition Agreement (Franchise Agreement, Attachment 8).
You must promptly tell us when you learn about unauthorized use of any Confidential Information.
Source: Item 14 — PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION (FDD pages 32–33)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, personnel who have access to the company's Confidential Information must sign a Confidentiality/Non-Competition Agreement. This agreement is included as Attachment 8 to the Franchise Agreement. This requirement ensures that sensitive business information is protected from unauthorized disclosure or use. The Franchise Agreement also requires that the franchisee and their manager, who must supervise the Fly Fitness outlet, also sign a Non-Disclosure/Non-Competition Agreement.
The Confidentiality/Non-Competition Agreement is designed to protect Fly Fitness's trade secrets, operational methods, and other proprietary information. By signing this agreement, personnel commit to maintaining the confidentiality of the information they access and agree not to compete with Fly Fitness during or after their association with the franchise. This is a standard practice in franchising to safeguard the franchisor's business model and competitive advantage.
The agreement typically outlines the scope of confidential information, the obligations of the signatory to protect that information, and the restrictions on engaging in competitive activities. It may also specify the duration of the non-competition clause and the geographic area in which competition is prohibited. Franchisees should carefully review the terms of the Confidentiality/Non-Competition Agreement to understand their obligations and potential limitations.
Attachment 8 of the Franchise Agreement contains the specific terms and conditions of the Non-Disclosure/Non-Competition Agreement that Fly Fitness requires its personnel to sign. Franchisees should ensure that all relevant personnel, including managers and employees with access to confidential information, execute this agreement to comply with the franchise requirements and protect Fly Fitness's proprietary assets.