What steps must a Fly Fitness developer take to protect confidential information?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
- 8.2 Protection of Information. Developer shall take all steps necessary, at Developer's own expense, to protect the Confidential Information and shall immediately notify Franchisor if Developer finds that any Confidential Information has been divulged in violation of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 45–182)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, a developer must take all necessary steps, at their own expense, to protect the Confidential Information. The developer must also immediately notify Fly Fitness if they discover that any Confidential Information has been divulged in violation of the agreement. This obligation exists during the term of the agreement.
Fly Fitness considers the training, trade secrets, and Confidential Information of the System to be valuable assets that provide a competitive advantage. The agreement states that gaining access to this information is a primary reason why the developer is entering into the agreement. This highlights the importance Fly Fitness places on protecting its proprietary information and the developer's responsibility in maintaining its confidentiality.
This requirement ensures that the Fly Fitness system's proprietary information remains protected, preventing unauthorized use or disclosure that could harm the brand's competitive position. By placing the responsibility and cost of protection on the developer, Fly Fitness emphasizes the importance of safeguarding its confidential information and mitigating potential risks associated with its misuse.