What is the name of the agreement that Fly Fitness personnel must sign to protect confidential information?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Your personnel who have access to our Confidential Information must sign our Confidentiality/Non-Competition Agreement (Franchise Agreement, Attachment 8).
Your manager and all other personnel who will have access to our proprietary and Confidential Information and training must sign our Non-Disclosure/Non-Competition Agreement, which is attached to our Franchise Agreement as Attachment 8.
WHEREAS, Franchisee has acknowledged the importance of restricting the use, access and dissemination of the Confidential Information, and Franchisee therefore has agreed to obtain from Covenantor a written agreement protecting the Confidential Information and further protecting the System against unfair competition
Source: Item 15 — OBLIGATIONS OF THE FRANCHISEE TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 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 specific agreement. This agreement is referred to as the Confidentiality/Non-Competition Agreement, and it 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 stipulates that the franchisee's manager and all other personnel with access to proprietary and confidential information and training must sign the Non-Disclosure/Non-Competition Agreement, which is attached to the Franchise Agreement as Attachment 8. This agreement is crucial for maintaining the confidentiality of Fly Fitness's trade secrets and operational methods.
Furthermore, the document emphasizes the importance of restricting the use, access, and dissemination of confidential information, highlighting that the franchisee agrees to obtain a written agreement from their personnel to protect this information and safeguard the Fly Fitness system against unfair competition. This agreement is designed to protect the franchisor's and franchisee's interests by preventing the misuse of confidential information and ensuring fair competitive practices within the Fly Fitness network.