Under what circumstances can a Focus Cfo franchisee use Confidential Information?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 15.1. It is understood that while performing services for clients, Franchisee will be provided with or will have access to confidential information regarding their business, including, their operations, financial statements, products and customers and Franchisee will also be provided with confidential information relating to Focus CFO, including but not limited to access to the confidential and proprietary Playbook ("Confidential Information"). 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 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, a franchisee will be provided with or have access to confidential information regarding clients' businesses, including their operations, financial statements, products, and customers. Franchisees will also have access to confidential information relating to Focus Cfo, including but not limited to access to the confidential and proprietary Playbook.
Focus Cfo franchisees are permitted to use Confidential Information only for specific purposes. They can use it in connection with performing their obligations under the Franchise Agreement and the Professional Services Agreement (PSA), as applicable. This usage is further limited to the extent required in the performance of Focus Cfo's engagement with a client and authorized by the client.
Outside of these specific allowances, Focus Cfo franchisees are generally prohibited from using, reproducing, publishing, disclosing, or otherwise making known any Confidential Information to any person or entity at any time. Access to Confidential Information should be limited 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 the Franchise Agreement or the PSA.