Franchise Agreement
This Franchise Agreement ("Agreement") is made and entered into on [Date], by and between:
[Franchisor's Name], a corporation organized and existing under the laws of [Franchisor's Jurisdiction], with its principal place of business at [Franchisor's Address] (hereinafter referred to as the "Franchisor"); and
[Franchisee's Name], residing at [Franchisee's Address] (hereinafter referred to as the "Franchisee").
1. Grant of Franchise:
Subject to the terms and conditions of this Agreement, the Franchisor grants to the Franchisee the right to operate a franchise of the Franchisor's business under the name [Franchise Name] at the location specified in Exhibit A attached hereto (the "Franchise Location").
2. Franchise Fee:
In consideration for the grant of the franchise, the Franchisee shall pay to the Franchisor a one-time franchise fee in the amount of [Franchise Fee Amount] ("Franchise Fee"). The Franchise Fee shall be payable upon the execution of this Agreement.
3. Term:
The term of this Agreement shall commence on the Effective Date and shall continue for a period of [Term Duration] years, unless earlier terminated as provided herein.
4. Obligations of Franchisee:
The Franchisee shall:
Operate the franchise business in accordance with the standards, specifications, and operating procedures prescribed by the Franchisor.
Pay all fees and royalties as required under this Agreement.
Maintain the premises of the franchise business in good repair and condition.
Comply with all laws, regulations, and ordinances applicable to the operation of the franchise business.
5. Obligations of Franchisor:
The Franchisor shall:
Provide
initial training to the Franchisee and its employees.
Provide
ongoing support and assistance to the Franchisee as reasonably required.
Protect the Franchisee's territory from encroachment by other franchisees or company-owned locations.
6. Fees and Royalties:
In addition to the Franchise Fee, the Franchisee shall pay to the Franchisor ongoing fees and royalties as specified in Exhibit B attached hereto.
7. Intellectual Property:
The Franchisee acknowledges that all trademarks, trade names, logos, and other intellectual property associated with the franchise business are the exclusive property of the Franchisor.
8. Confidentiality:
The Franchisee agrees to maintain the confidentiality of all proprietary information provided by the Franchisor and to use such information solely for the purpose of operating the franchise business.
9. Termination:
This Agreement may be terminated by either party upon [Specify conditions for termination, e.g., material breach, insolvency] upon [Specify notice period, e.g., 30 days] written notice to the other party.
10. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Franchisor's Jurisdiction]. Any dispute arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Franchisor's Jurisdiction].
IN
WITNESS WHEREOF, the parties hereto have executed this Franchise Agreement as
of the date first above written.
Franchisor:
[Signature
of Franchisor]
[Name
of Franchisor]
[Title]
Franchisee:
[Signature
of Franchisee]
[Name
of Franchisee]
[Title]
