Where is the Non-Disclosure/Non-Competition Agreement attached in the Fly Fitness Franchise Agreement?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
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. If your Franchised Business is owned by an entity, all owners of the entity must personally sign the Franchise Agreement as a Principal. If you are a married individual, your spouse must sign our Personal Guaranty, which is attached to our Franchise Agreement as Attachment 7.
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, the Non-Disclosure/Non-Competition Agreement that the manager and all personnel who have access to the company's proprietary and confidential information and training must sign is attached to the Franchise Agreement as Attachment 8. If the Fly Fitness franchise is owned by an entity, all owners of the entity must personally sign the Franchise Agreement as a Principal. Additionally, if the franchisee is married, their spouse must sign a Personal Guaranty, which is attached to the Franchise Agreement as Attachment 7.
This requirement ensures that confidential business information is protected. It is standard practice in franchising to have these agreements to prevent franchisees or their employees from sharing sensitive information with competitors or starting a competing business using the franchisor's trade secrets. The agreement applies not only during the term of the franchise agreement but also after it expires or is terminated, further safeguarding Fly Fitness's interests.
Prospective Fly Fitness franchisees should carefully review Attachment 8 to understand the full scope of the Non-Disclosure/Non-Competition Agreement, including the definition of confidential information, the duration of the non-compete period, and any limitations on their ability to work in a similar business after leaving the Fly Fitness system. Understanding these terms is crucial before signing the Franchise Agreement.