When may a Focus Cfo franchisee disclose confidential information?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee agrees (a) to hold in strict confidence all Confidential Information, (b) not to use, reproduce, publish, disclose or otherwise make known to any person or entity any Confidential Information at any time, (c) limit access to Confidential Information to employees, agents and independent contractors of Focus CFO or the Focus CFO client, as applicable, who have a need-to-know in connection with this Agreement or the PSA, (d) use Confidential Information only for the purposes and in connection with the performance of Franchisee's obligations under this Agreement and the PSA, as applicable; except to the extent required in the performance of Focus CFO's engagement with a client and authorized by the client or as otherwise required by applicable law.
Source: Item 14 — Patents, Copyrights, and Proprietary Information (FDD pages 25–26)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, a franchisee is generally prohibited from disclosing confidential information. However, there are specific circumstances under which disclosure is permitted.
A Focus Cfo franchisee may disclose confidential information to the extent required in the performance of Focus Cfo's engagement with a client, but only if authorized by the client. This means that if a client gives explicit permission, the franchisee can share confidential information as necessary to fulfill the services Focus Cfo is providing. Additionally, disclosure is allowed if otherwise required by applicable law. This covers situations where a legal or regulatory authority mandates the release of confidential information.
It is crucial for prospective Focus Cfo franchisees to understand these limitations and exceptions regarding confidential information. Unauthorized disclosure can lead to significant legal and financial repercussions, as Focus Cfo franchisees are obligated to hold client and company information in strict confidence. Franchisees should seek clarification from Focus Cfo regarding specific scenarios to ensure compliance with these confidentiality obligations.