Where can a copy of the 'CONFIDENTIALITY and COVENANT NOT TO COMPETE AGREEMENT' be found in the Learningrx Franchise Agreement?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
Area Developer shall obtain, from the individuals defined in the Franchise Agreement as "Franchisee Affiliates", the execution of a "CONFIDENTIALITY and COVENANT NOT TO COMPETE AGREEMENT" from each such individual.
A copy of the "CONFIDENTIALITY and COVENANT NOT TO COMPETE AGREEMENT" is attached to the Franchise Agreement and is identified as Attachment VIII.
Area Developer shall then immediately forward each such signed Agreement to Franchisor:
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, a copy of the 'CONFIDENTIALITY and COVENANT NOT TO COMPETE AGREEMENT' is attached to the Franchise Agreement as Attachment VIII. This agreement is crucial for protecting Learningrx's trade secrets and preventing unfair competition.
The FDD specifies who must sign this agreement. If the franchisee is an entity, the agreement must be signed by each member, shareholder, officer, director, and partner of the entity, as well as their spouses, every manager of the franchisee, each guarantor of the franchisee and their spouse, and each employee with access to Learningrx's confidential information. If the franchisee is not an entity, the agreement must be signed by the franchisee's spouse, every manager, each guarantor and their spouse, and each employee with access to confidential information.
Learningrx requires that the signed original of this agreement be immediately delivered to the franchisor by the franchisee. This ensures that all relevant parties are bound by the confidentiality and non-compete terms, safeguarding Learningrx's business interests and proprietary information.