What is Attachment I-1 to the Southern Steer franchise agreement?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT I-1 NON-COMPETITION AND NON-DISCLOSURE AGREEMENT
(OWNERS)
ATTACHMENT I-2 NON-COMPETITION AND NON-DISCLOSURE AGREEMENT
(MANAGEMENT STAFF)
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Attachment I-1 to the franchise agreement is the Non-Competition and Non-Disclosure Agreement for owners. This agreement likely outlines the restrictions placed on owners regarding engaging in competitive businesses or sharing confidential information, both during the franchise term and for a specified period after the franchise agreement ends.
This attachment is significant because it protects Southern Steer's business model, trade secrets, and customer relationships. Prospective franchisees should carefully review this agreement to understand the scope of the non-compete and non-disclosure obligations. They should consider how these restrictions might affect their future business opportunities, especially if they decide to leave the Southern Steer system.
Furthermore, the FDD mentions Attachment I-2, which is a similar agreement for management staff. This indicates that Southern Steer places a high priority on safeguarding its confidential information and preventing competition from former employees and owners alike. Franchisees should ensure they understand who is required to sign these agreements and the implications for their business operations.