Does the Itan definition of 'Definitive Agreements' include agreements related to other franchised concepts?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Confidential Information" means and includes: (a) Know-How; (b) Business Data; (c) information in the Manual or comprising the System; (d) terms of Definitive Agreements and any amendments thereto; and (e) all other concepts, ideas, trade secrets, financial information, marketing strategies, expansion strategies,
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the definition of 'Confidential Information' includes the terms of 'Definitive Agreements'. This definition is important because franchisees are obligated to protect Itan's confidential information. The FDD defines 'Confidential Information' as including Know-How, Business Data, information in the Manual or comprising the System, terms of Definitive Agreements and any amendments thereto, and all other concepts, ideas, trade secrets, financial information, marketing strategies, expansion strategies.
However, the excerpt does not explicitly define what constitutes 'Definitive Agreements.' Therefore, it is not possible to determine from this excerpt if 'Definitive Agreements' include agreements related to other franchised concepts.
A prospective Itan franchisee should seek clarification from Itan regarding the scope of 'Definitive Agreements' and whether it extends to agreements pertaining to other franchise systems or concepts they may be involved with.