Franchise agreement sample

To administer the National Cooperative Advertising Fund with the advertising contributions remitted by its franchisees; 6. Working Capital.

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Company has rights to deny any selling or transferring of ownership of the franchise location for any reason. Subject to applicable banking laws and regulations, the Franchisor shall establish a direct debit program with the Franchisee's bank to allow for the electronic transfer of the weekly royalty payment. To provide the Franchisee with written specifications for the operation and management of the Franchised Business; 3. Franchise Agreement A Franchise Agreement, also sometimes called a Franchise Business Agreement, is a document between two main parties, the party that will be franchising out their already well-developed business model, called the franchisor, and the party that will be agreeing to certain terms and conditions in order to create their own franchised business based on that business model. Sales Discounts and discounted employee meals must be fully disclosed on all reports submitted to the Franchisor by the Franchisee and Franchisor reserves the right, in its sole discretion, to disallow any Sales Discounts not meeting the requirements set forth herein. These should provide fair terms that incentivise the franchisee and allow him to benefit from having built up his franchise without the franchisor relinquishing too many rights. To maintain a competent, conscientious staff; 7.

The Franchisor shall only provide and pay for instruction and training materials in connection ongoing training and meetings. The format of the contract differs from one franchise system to another. The financial statement must be compiled by an independent certified public accounting firm and signed by the Franchisee's President or Treasurer attesting that the statement is true and correct.

The Franchisor also reserves the right to commence operation of, or grant a third party the right to commence operation of, "quick express" units in any captive venues within or outside the Territory, and the Franchisee shall not have any right of first refusal for "quick express" units located within captive venues.

The Franchisee shall cause its employees including any person subsequently acting as a Manager of the Franchised Business to attend and complete, to the Franchisor's reasonable satisfaction, such special programs or periodic additional training as the Franchisor may require in writing from time to time.

The Franchisee shall submit to the Franchisor a statement identifying the general contractor and describing the general contractor's qualifications and financial responsibility, and the Franchisor shall supply the Franchisee with its approval or disapproval of the general contractor within ten 10 business days of the Franchisor's receipt of such statement; 5.

Your document is free within your one week membership trial. During the period of construction, Franchisee shall provide to Franchisor such periodic progress reports as Franchisor may require, in its sole discretion.

Use of plain English makes every sentence clear. The Franchise Council of Australia promotes ethical franchising. The purpose of the Franchising Code of Conduct is to regulate the conduct of participants in the franchise sector toward one another.

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The Franchised Business must open for business in the new location within thirty 30 days which may be extended for another thirty 30 days for good cause as solely determined by "BPR" of the date on which the Franchised Business in the old location closed.

All such reports must be received by the Franchisor on or before the tenth 10th day of each calendar month.

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Franchise agreement