Must a new supplier execute a confidentiality agreement before being approved by Gold Star?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.5 Supplier Confidentiality.
Any new supplier must execute a confidentiality agreement in form and substance satisfactory to the COMPANY prior to receiving the COMPANY's approval.
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, any new supplier must execute a confidentiality agreement before receiving approval from Gold Star. The confidentiality agreement must be in a form and substance that is satisfactory to Gold Star. This requirement ensures that the supplier protects Gold Star's proprietary information.
For a potential Gold Star franchisee, this means that if you want to use a supplier not already approved by Gold Star, that supplier will need to sign a confidentiality agreement. This protects Gold Star's business practices and trade secrets.
This is a fairly standard practice in franchising. Franchisors want to make sure their suppliers don't share key information with competitors. As a franchisee, you should be aware of this requirement when suggesting new suppliers to Gold Star.