Where can I find the standard Confidentiality & Covenant Not to Compete Agreement for Learningrx?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
7.5 Confidentiality and Covenant Not to Compete Agreements.
- (a) If the Franchisee is an entity, then the following individuals must sign Franchisor's standard Confidentiality & Covenant Not to Compete Agreement (Attachment IX) before performing any work at the Business or otherwise having access to Franchisor's Confidential Information: each Member, shareholder, officer, director and partner of the entity, each spouse of such Member, shareholder, officer, director and partner, every manager of the Franchisee or Area Developer, each Guarantor of the Franchisee, the spouse of each Guarantor, and each employee having access to the Franchisor's confidential information.
- (b) If the Franchisee is not an entity, then the following individuals must sign Franchisor's standard Confidentiality & Covenant Not to Compete Agreement (Attachment IX) before performing any work at the Business or otherwise having access to Franchisor's Confidential Information: the spouse of the Franchisee, every manager of the Franchisee, each Guarantor of the Franchisee, the spouse of each Guarantor, and each employee having access to the Franchisor's confidential information. A copy of all such signed agreements shall be delivered to Franchisor within 1 week of their execution.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the standard Confidentiality & Covenant Not to Compete Agreement is included as Attachment IX to the Franchise Agreement. If the franchisee is an entity, certain individuals such as members, shareholders, officers, directors, partners, their spouses, managers, guarantors, and employees with access to confidential information must sign this agreement. If the franchisee is not an entity, the spouse of the franchisee, managers, guarantors, their spouses, and employees with access to confidential information are required to sign.
Learningrx requires these agreements to protect its trade secrets and confidential information. The agreement ensures that individuals associated with the franchisee are legally bound to maintain confidentiality and not engage in activities that could harm Learningrx's business interests. This is a common practice in franchising to safeguard the franchisor's proprietary information and maintain a competitive advantage.
Prospective Learningrx franchisees should carefully review Attachment IX and understand the obligations it imposes on themselves and related parties. They should also ensure that all required individuals sign the agreement and that copies are delivered to Learningrx within one week of execution, as stipulated in the FDD. Failure to comply with these requirements could potentially lead to legal or contractual issues with Learningrx.