What is the reference name of the agreement that outlines the terms of confidentiality and covenant not to compete for Learningrx franchisees?
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, if the franchisee is an entity or not an entity, certain individuals must sign the franchisor's standard Confidentiality & Covenant Not to Compete Agreement, which is also referred to as Attachment IX. These individuals include members, shareholders, officers, directors, partners, spouses, managers, guarantors, and employees with access to confidential information.
For franchisees that are entities, the agreement must be signed by 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.
For franchisees that are not entities, the agreement must be signed by 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 signed agreements must be delivered to Learningrx within one week of their execution.