| NON-COMPETE
AND NON-DISCLOSURE AGREEMENT
Franchise Info -
Intro - Beginning - Letter
from President - Non-Compete - Application
During our discussions with you pertaining to the opportunity
that we are offering, we will be disclosing to you very confidential
information as well as our Trade Secrets. In order to protect
our company, as well as other Franchises, we ask that you
agree to and sign this Agreement.
AGREEMENT
THIS
NON-COMPETE AND NON-DISCLOSURE AGREEMENT, dated as of the_______
day of _________, 2004 (the "Agreement"), is entered into
by "All FlowersÒ"
and ____________________________________, individually, a
"Shareholder" and collectively, the "Shareholders").
RECITALS
1.
Covenant Not to Compete. During the five (5)
year period ("Restricted Period") commencing on the date hereof,
I/We agree that he shall not, for his or its own account,
directly or indirectly, as a partner, a joint venturer, a
shareholder of a corporation:
(a)
enter into or engage in any capacity in any business
specializing in Floral Services;
(b)
solicit or attempt to solicit any party who is or was
a customer, supplier or independent contractor for All FlowersÒ
on the date hereof or at any time during the three year period
immediately prior to the date hereof; or
(c)
solicit any party who is or was an employee of All FlowersÒ
on the date hereof or at any time during the five-year period
immediately prior to the date hereof to seek employment.
2.
Non-Disclosure Covenant.
a.
Definition. As used herein, the term "Proprietary
Information" refers to any and all information, whether or
not in tangible form, of a confidential, proprietary or secret
nature owned by All FlowersÒ
as of the date hereof and which is applicable to, or related
in any way to, the Franchised Business as of the date hereof.
Proprietary Information includes, without limitation, financial
or economic data, sales and marketing plans and methods, and
purchasing and inventory control methods. Without limiting
the generality of the foregoing,
b. Agreement to Maintain Confidentiality
of Information. I/We acknowledge that the Proprietary
Information is a special, valuable and unique asset. I/We
therefore agree commencing on the date hereof to keep in confidence
and trust all Proprietary Information. I/We agree that he
or it will not directly or indirectly use the Proprietary
Information nor directly or indirectly disclose any Proprietary
Information to any person or entity.
c. Trade Secrets. In addition
to the requirements set forth in the Paragraphs hereof, I/We
agree that until Proprietary Information which constitutes
a Trade Secret, I/We will not, directly or indirectly, use
or disclose to any person or entity any of such Proprietary
Information constituting a Trade Secret. As used herein, the
term "Trade Secret" means information including, but not limited
to, technical or non-technical data, compilations, programs,
methods, techniques, processes, financial data, financial
plans or lists of actual or potential customers which derives
economic value, actual or potential, from not being generally
known to, and not readily ascertainable by proper means by,
other persons or entities who can obtain economic value from
its disclosure or use.
IN
WITNESS WHEREOF, each party hereto has executed or caused
this Agreement to be executed under seal on his or its behalf,
all on the day and year first above written.
BY: ________________________________________
TITLE: ______________________________________
Attest: ______________________________________
Title: ________________________________________
Franchise Info -
Intro - Beginning - Letter
from President - Non-Compete - Application |