factual

What are the names of the attachments containing the Non-Competition and Non-Disclosure Agreement for the Southern Steer Franchise Agreement?

Southern_Steer Franchise · 2025 FDD

Answer 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 15 — ITEM. 15 OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 41–42)

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, the Non-Competition and Non-Disclosure Agreements are included as attachments to the Franchise Agreement. Specifically, there are two versions of this agreement. Attachment I-1 is the Non-Competition and Non-Disclosure Agreement for owners, while Attachment I-2 is the Non-Competition and Non-Disclosure Agreement for management staff.

These agreements are crucial for protecting Southern Steer's interests by preventing franchisees and their staff from engaging in activities that could harm the brand, such as sharing confidential information or opening a competing business. The FDD states that the franchisee and its owners must execute a release, including the covenants not to compete contained in the agreement.

Prospective franchisees should carefully review these attachments to understand the full scope of the restrictions and obligations they will be undertaking. It is important to note that these agreements may have significant legal and financial implications, and franchisees should seek legal counsel to fully understand their rights and responsibilities.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.