Is the franchisee required to acknowledge the receipt and sufficiency of consideration in the Mr. Sandless Confidentiality and Non-Competition Agreement?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
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 Mr. Sandless's 2025 Franchise Disclosure Document, the franchisee is required to acknowledge the receipt and sufficiency of consideration in the Confidentiality and Non-Competition Agreement. This agreement is crucial for Mr. Sandless to protect its interests.
The Confidentiality and Non-Competition Agreement states that the agreement is made "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". This clause confirms that the franchisee acknowledges receiving sufficient value in exchange for agreeing to the terms of the Confidentiality and Non-Competition Agreement.
This acknowledgment is a standard legal practice to ensure that the agreement is enforceable. By acknowledging the receipt and sufficiency of consideration, the franchisee confirms that they entered into the agreement knowingly and willingly, with an understanding of the benefits they would receive. This helps Mr. Sandless protect its confidential information, customer relationships, and market position by preventing franchisees from unfairly competing during and after the franchise term.