What is the consideration for the Confidentiality and Non-Competition Agreement for Mr. Sandless?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Franchisee desires to enter into a franchise agreement with Franchisor for an Mr. Sandless business ("Franchise Agreement") which will allow Franchisee to conduct internet-based advertising, maintain social media accounts, software accounts, and use telephone listings linked to the Mr. Sandless brand.
WHEREAS, Franchisor would not enter into the Franchise Agreement without Franchisee's agreement to enter into, comply with, and be bound by all the terms and provisions of this Agreement;
NOW, THEREFORE, for and in consideration of the foregoing and the mutual promises and covenants contained herein, and in further consideration of the Franchise Agreement and the mutual promises and covenants contained therein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless Franchise Disclosure Document, the consideration for entering into the Confidentiality and Non-Competition Agreement includes the mutual promises and covenants outlined within that agreement, the Franchise Agreement itself, and other valuable considerations. Mr. Sandless requires that trained employees, shareholders, officers, directors, general partners, members, and managers of the franchisee sign this agreement.
The agreement is in place because Mr. Sandless would not enter into the Franchise Agreement without the franchisee's commitment to adhere to the terms and provisions of the Internet Advertising, Social Media, Software and Telephone Listing Agreement. This agreement ensures that the franchisee acknowledges and agrees to be bound by its conditions.
This agreement is crucial for protecting Mr. Sandless's interests by preventing the misuse or disclosure of confidential information and maintaining fair competition. It also ensures that franchisees recognize the value of the franchise system and the importance of upholding its standards.
The Confidentiality and Non-Competition Agreement is attached to the Mr. Sandless Franchise Agreement as Attachment 4. Franchisees should carefully review this attachment to fully understand their obligations and the consideration involved in entering into the agreement.