This document establishes a franchise agreement between a party who wishes to be a franchisee and a party that holds the rights to issue a franchise. The agreement specifies the term, the location and construction, payments, any territorial limitations, instruction and supervision, and financial inspection. It contains numerous standard provisions as well as opportunities for customization to address the specific needs of the parties. This document should be used by franchisors and franchisees when granting a license to construct and operate a franchise.
This document establishes a franchise agreement between a party who wishes to be a franchisee and a party that holds the rights to issue a franchise. The agreement specifies the term, the location and construction, payments, any territorial limitations, instruction and supervision, and financial inspection. It contains numerous standard provisions as well as opportunities for customization to address the specific needs of the parties. This document should be used by franchisors and franchisees when granting a license to construct and operate a franchise. FRANCHISE AGREEMENT This Franchise Agreement (this “Agreement”) is hereby made and entered into on this _____ day of _______, _____ (the “Effective Date”) by and between _______________ (“Franchisor”) and _____________________________________ (“Franchisee”). RECITALS WHEREAS, Franchisor is the originator and creator of a ____________________ (Type of franchise) known as ______________________________________ (Franchise name) (the “Franchise”), including a special design of a building, specifically designed equipment and signs, equipment layout plans, inventory, bookkeeping system, and a schedule of business policies and practices (the “Franchise System”); WHEREAS, Franchisor has developed, used, and continues to use and control the usage of proprietary interests, trademarks, service marks, and trade names in connection with the Franchise and the business of thereof, including ___________________ ___________________ (Name of Trademark and Trade name), which is registered as a trademark on the Principal Register of the United States Patent Office; WHEREAS, Franchisee desires to acquire a license to adopt and use the Franchise, the trademarks, service marks, and trade names, in the conduct of a business at a specified location, under the supervision of and in accordance with the service standards approved by Franchisor; and WHEREAS, Franchisee understands the importance of Franchisor’s high and uniform standards of quality, cleanliness, appearance, and service to the value of the Franchise and the necessity of opening and conducting Franchise operations in conformity with the Franchise and in accordance with Franchisor’s standards and specifications. NOW, THEREFORE, in consideration of the mutual covenants set forth below, Franchisor and Franchisee agree as follows: TERMS 1. GRANT OF FRANCHISE 1.1 Franchisor grants to Franchisee a license to use, during the term and on the conditions set forth in this Agreement, the names, symbols, and trademark associated with Franchisor's name, and the Franchise System. 1.2. Franchisor shall not, while this Agreement is in force, conduct a similar operation, or grant a similar franchise to any other franchisee, within ___________________ © 2011 by Docstoc®, Inc. registered document proprietary, copy not 2 _____________________________________________________________________________ _________________________________________ (Describe a territorial limitation). 1.3 Franchisee shall use the name of Franchisor and the trademarks associated with the name of Franchisor in the _________________________________ (Type of Franchise), and Franchisee’s place of business shall be known only as __________________________________________________ (set forth name). 1.4 The name of any corporation operating this Franchise may include the words “_____________________________________” (set forth words) or any other trademark language owned by or licensed to Franchisor, but only with the prior, express, and written consent of Franchisor. Upon termination of this Agreement for any reason, the name of the corporation shall be amended to delete such words. 2. TERM 2.1 This Agreement shall continue for a period of __________ (__) years from the Effective Date of, and shall be automatically renewed for __________ (__) additional year terms, unless at least __________ (__) months before the expiration of any year term, Franchisee gives to Franchisor notice in writing of termination at the end of such term. 3. LOCATION AND CONSTRUCTION 3.1 Franchisor shall obtain for Franchisee a location for the construction and establishment of the Franchise operation within the City of _______________, in the State of __________. Such location shall be secured by Franchisor signing as prime tenant on a lease with the landowner of such location. In the event Franchisor fails to execute such a lease within the area herein designated within ___ (__) year(s) from the Effective Date of this Agreement, Franchisee may terminate this Agreement and receive a refund of any of Franchisee’s payments plus __________ percent (__%) interest thereon. 3.2 Franchisor agrees to construct, at the chosen location, a standard Franchise System building that shall be built in accordance with the plans and specifications furnished by Franchisor. Franchisor shall also provide periodic inspections of the construction at the Franchise site to determine if there has been compliance with the Franchise System plans and specifications. 3.3 Franchisor shall sublet the above-described realty and improvements to Franchisee for the same rental cost and on the same terms and conditions as Franchisor is obligated to the prime lease. Franchisor specifically agrees that it shall not charge any override to Franchisee, so that the basic terms of the lease to which Franchisor is obligated shall be the same that the Franchisee shall be obligated. © 2011 by Docstoc®, Inc. registered document proprietary, copy not 3 4. PAYMENTS 4.1 Franchise Fee Franchisee shall make payment to Franchisor of __________ dollars ($___), payable as follows: __________ dollars ($___) upon execution of this Agreement, receipt of which is hereby acknowledged; __________ dollars ($___) upon execution of any lease for the Franchise location; and any remaining unpaid balance __________ (__) days prior to the scheduled opening of the Franchise operation, whichever date is earlier. In return, Franchisee shall receive the right to do business as a licensed Franchisee under the terms of this Agreement, and to receive the services and assistance set forth in this Agreement. At any time prior to the time when the second payment required under the terms of this paragraph becomes due, Franchisee may, by written notice, terminate this Agreement. Upon such termination, Franchisor will return the __________ dollars ($___) payable on execution of this Agreement, less a charge of __________ dollars ($___) to compensate Franchisor for assistance rendered Franchisee up to the date of termination. 4.2 Service Charge For the first __________ (__) months that Franchisee’s business is in operation, Franchisee shall, on the ________________ (set forth time period, such as: the __________ day of each month) day of each month, pay to Franchisor the sum equal to __________ percent (%__) of the gross sales of Franchisee for the preceding month. Payments shall be sent to Franchisor at the address set forth on the signature page below. Thereafter, so long as this Agreement is in effect, Franchisee shall pay, in the same manner, the sum equal to __________ percent (%__) of gross sales. As used in this Agreement, the term “gross sales” shall include all sales made by Franchisee under and pursuant to this Agreement, but shall not include any sums collected and paid out for any sales or excise tax imposed by any duly constituted governmental authority. 4.3 Advertising and Sales Promotion Allowance Franchisee shall pay to Franchisor as an advertising and sales promotion allowance equal to __________ percent (%__) of Franchisee’s monthly gross sales. The sum shall be paid on or before the __________ (set forth the day of the month) day of each monthh and shall be based on the gross sales of the preceding such date of payment. 4.4 Payment Defaults If, as the result of the failure of Franchisee to remit the payments required under subsections 4.1 through 4.3 of this section, Franchisor shall place the unpaid accounts in the hands of an attorney for collection. Franchisee shall pay all collection costs, reasonable attorney fees, and interest on the unpaid amounts at the highest permissible rate, in addition to the unpaid amounts. © 2011 by Docstoc®, Inc. registered document proprietary, copy not 4 5. FINANCIAL INSPECTION 5.1 Within __________ days after the close of Franchisee’s fiscal year, Franchisee shall provide to Franchisor a full and complete statement in writing of income and expenses for the Franchise operation for the preceding year. The statement shall be prepared in accordance with accepted accounting standards and practices by an independent accountant or auditor. These documents must be certified by the accountant auditor to be valid. 5.2 Franchisee agrees to provide its books and records for inspection by Franchisor; however, Franchisee shall be given reasonable advance notice by Franchisor of same, and such inspection shall not interfere with the operation of Franchisee’s business. 5.3 Franchisee agrees to furnish Franchisor with a weekly report of each week’s business no later than _______________ (set forth the day of the following week) of each and every week. 6. INSTRUCTION AND SUPERVISION 6.1 Franchisor agrees to make training facilities available to Franchisee, to provide an operations manual, to make promotional and other recommendations, and to furnish Franchisee at Franchisee’s place of business, a trained supervisor for not less than __________ (__) days during the initial __________ period of Franchisee’s operation. 6.2 Franchisor shall disclose and instruct Franchisee as to special packaging, methods, and systems of operation in the preparation and sale of _________________________ (Specific Information). Franchisee acknowledges that such information constitutes trade secrets, and Franchisee agrees not to disclose such information to anyone except Franchisee’s employees. Use of such information shall be restricted to operation of the Franchise. 6.3 Franchisee will not divulge any business information, whether written or oral, received from Franchisor or from any meetings of Franchisor’s other franchisees, nor use such information in Franchisee’s business, until such time as disclosure to the public may be required by the nature of the information. Such information may include, but is not limited to, promotional material or plans, expansion plans, new products, marketing information, costs or other financial data, and the development of cooking or packaging procedures. 7. FOOD PRODUCTS, SUPPLIES, AND EQUIPMENT Franchisee understands and acknowledges that every detail of the Franchise System is important to Franchisor, to Franchisee, and to other franchisees to develop, maintain, and insure high and uniform standards of quality, cleanliness, appearance, services, facilities, products, and techniques, to increase demand for the Franchise products, and to protect and enhance the reputation and good will of the Franchise System. Accordingly, Franchisee agrees: © 2011 by Docstoc®, Inc. registered document proprietary, copy not 5 7.1 To offer for sale only such products as shall be approved for sale in writing by Franchisor, and to offer for sale all products that have been so designated. 7.2 To use all materials, ingredients, supplies, paper goods, uniforms, fixtures, furnishings, signs, equipment, methods of exterior and interior design and construction, and methods of production and preparation prescribed by, or that conform with, Franchisor’s standards and specifications. 7.3 To maintain at all times a sufficient supply of approved products. 7.4 To refrain from using or selling any products, materials, ingredients, supplies, paper goods, uniforms, fixtures, furnishings, signs, equipment, and/or methods of product preparation that do not meet with Franchisor’s standards and specifications. 7.5 To purchase all food products, supplies, equipment, and materials required for conduct of the Franchise operation from suppliers who demonstrate, to the reasonable satisfaction of Franchisor, the ability to meet all of Franchisor’s standards and specifications for such items; who possess adequate capacity and facilities to supply Franchisee’s needs in the quantities, at the times, and with the reliability requisite to an efficient operation; and who have been approved, in writing, by Franchisor. Prior to purchasing any items from any supplier not previously approved by Franchisor, Franchisee shall submit to Franchisor a written request for approval of such supplier. Franchisor may require that samples from the supplier be delivered to Franchisor or to a designated independent testing laboratory for testing prior to approval and use. A charge not to exceed the actual cost of the test shall be made by Franchisor and shall be paid by Franchisee; however, the cost of the first test requested by the Franchisee in any calendar year shall be borne by Franchisor. 8. HEALTH STANDARDS AND INSPECTION 8.1 Franchisee shall maintain the Franchise premises and all equipment, fixtures, and facilities in such manner as required by law and conform to Franchisor’s standards of health, cleanliness, and neatness. 8.2 Franchisee agrees to allow Franchisor, at any reasonable time, the privilege of complete inspection of Franchisee’s business premises. 9. MANAGEMENT AND PERSONNEL STANDARDS 9.1 Management Method Franchisee shall adopt and use Franchisor’s management system, as well as Franchisor’s standards with respect to product preparation, merchandising, employee recruitment, training, equipment, and facility maintenance and sanitation. From time to time Franchisor will revise © 2011 by Docstoc®, Inc. registered document proprietary, copy not 6 these programs to meet changing conditions of retail operation in the general best interest of the Franchise System. 9.2 Personnel Franchisee shall hire and supervise efficient, competent, operators and employees for conduct of the business, and shall pay their wages, commissions, and other compensation with no liability for such wages, commissions, and other compensation on the part of Franchisor. Franchisee shall require all of Franchisee’s employees to work in clean uniforms approved by Franchisor but furnished at the cost of either Franchisee or the employees as Franchisee may determine. 9.3 Training Franchisee shall, at Franchisee’s expense, attend Franchisor’s management training at a place to be designated by Franchisor prior to the opening of Franchisee’s business. If, during the term of this Agreement, Franchisee conducts the business with a manager other than __________ (himself or herself), Franchisee shall, at Franchisee’s expense, send such manager through the same program. 9.4 Personnel Training Program Franchisor shall provide or make available through Franchisee an in-store training program for all store employees. Franchisee shall train and periodically retrain all store employees using the training aids made available by Franchisor. From time to time training materials will be updated and added to as required by Franchisor, and such training materials and aids shall be made available by Franchisor for purchase by Franchisee. 9.5 Regional Meetings Franchisee, or the manager of Franchisee, shall, at Franchisee’s expense, attend at least one national or regional meeting each year, originated by Franchisor for and on behalf of franchise operators, with the purpose of setting forth new methods and programs in operation, training, management, sales, and sales promotion programs. 10. FRANCHISOR’S DUTIES 10.1 Initial Services Franchisor shall: 10.1.1 Assist Franchisee as required, based on the experience and judgment of Franchisor, in the pre-opening, opening, and initial conduct of the Franchise operation and in conforming to the requirements of the Franchise System. © 2011 by Docstoc®, Inc. registered document proprietary, copy not 7 10.1.2 Prepare and coordinate the grand opening promotional advertising program for Franchisee. 10.1.3 Provide operating procedures to assist Franchisee in developing financial records and controls, personnel policies, production methods, and approved sources of supply. 10.2 Continuing Services Franchisor shall: 10.2.1 Maintain an advisory relationship with Franchisee, including consultation in the areas of marketing, merchandising, and general business operation. 10.2.2 Provide Franchisee with operating manuals containing the standards, specifications, procedures, and techniques of the Franchise System, and periodically revise the content of the manuals incorporating new developments regarding standards, specifications, procedures, and techniques. 10.2.3 Continue its efforts to maintain high and uniform standards of quality, cleanliness, appearance, and service at all franchise locations, protecting and enhancing the reputation of the Franchise System and the demand for the products of the Franchise System. 10.2.4 Review all proposed advertising and promotional materials prepared by Franchisee for use in local advertising. 10.2.5 Administer the Franchise Owner Advertising and Sales Promotion Fund (the “Fund”) and direct the development of all advertising and promotional programs. Franchisor will utilize __________ (set forth quantity, such as: one-half) of Franchisee’s advertising and sales promotion contributions for advertising in the advertising area in which Franchisee’s business is located. The content of the advertising, as well as the media in which the advertising is to be placed and the defined advertising area, shall be at the discretion of Franchisor. The remaining __________ (set forth amount) of Franchisee’s advertising and sales promotion contributions will be utilized, at the discretion of Franchisor, to provide for the administrative expenses of the fund, merchandising materials, advertising production and distribution costs, and for programs designed to increase sales and enhance and further develop public reputation and image of Franchisor and the Franchise System. Franchisor will provide Franchisee with a statement of receipts and disbursements of the Fund, prepared by an independent certified public accountant, for each fiscal year of the fund. 11. INSURANCE 11.1 Franchisee shall, at Franchisee’s expense, procure before the commencement of business, and maintain in full force and effect during the entire term of this Agreement, an insurance policy or policies protecting Franchisee and Franchisor, and their directors and employees, © 2011 by Docstoc®, Inc. registered document proprietary, copy not 8 against any loss, liability, or expense whatsoever from fire, personal injury, theft, death, property damage, or otherwise, arising or occurring upon or in connection with the Franchise operation or by reason of Franchisee’s occupancy of the business premises. 11.2 Such policy or policies of insurance shall be written by an insurance company acceptable to Franchisor and shall include general liability coverage of _____________ dollars ($___) per person and _____________ dollars ($___) per incident; property damage coverage of _____________ dollars ($___); and such statutory insurance as may be required by the laws of the State of ______________________. 11.3 The insurance required by this section shall expressly cover claims based on product liability. 11.4 The insurance afforded by the policy or policies respecting liability shall not be limited in any way by reason of any insurance that may be maintained by Franchisor. 11.5 Franchisor shall be named as an additional insured in such policy or policies of insurance, statutory policies excepted. 11.6 No later than the day before the date on which the business premises are equipped, evidence showing compliance with the requirements of this section shall be furnished by Franchisee to Franchisor. Evidence of insurance shall include a statement that the policy or policies may not be canceled or altered without at least __________ (___) day’s prior notice to Franchisor. 11.7 Maintenance of insurance and the performance by Franchisee of the obligations under this section shall not relieve Franchisee of liability under the default provisions set forth in this Agreement. 12. TERMINATION 12.1 Bankruptcy Franchisee shall be deemed to be in default under this Agreement, and all rights granted to Franchisee shall terminate without any need for notice to Franchisee, and this Agreement shall be terminated if: 12.1.1 A petition in bankruptcy is filed by Franchisee, or such a petition is filed against and consented to by Franchisee and is not dismissed within __________ (__) days; 12.1.2 Franchisee is adjudicated bankrupt; 12.1.3 Franchisee becomes insolvent or makes an assignment for the benefit of creditors; © 2011 by Docstoc®, Inc. registered document proprietary, copy not 9 12.1.4 A bill in equity or other proceeding for the appointment of a receiver of Franchisee or other custodian for Franchisee’s business or assets is filed and is consented to by Franchisee and is not dismissed within __________ (__) days, or a receiver or other custodian of the business or assets of Franchisee is appointed; 12.1.5 Proceedings for composition with creditors under any state or federal law are instituted by or against Franchisee; or 12.1.6 The real or personal property of Franchisee is sold after levy on such property by any sheriff, marshal, or duly-constituted public authority. 12.2 Failure to Comply with Agreement Except as otherwise expressly provided in this Agreement, if Franchisee defaults under the terms of this Agreement and such default is not cured within __________ (__) days after receipt of written notice to cure from Franchisor, then, in addition to all other remedies at law or in equity, Franchisor may immediately terminate this Agreement. Termination under such circumstances shall become effective immediately on the date of receipt by Franchisee of a written notice of termination. Franchisee shall be in default under this Agreement if Franchisee fails, refuses, or neglects to pay when due any moneys owing to Franchisor or to the Franchise Owners Advertising and Sales Promotion Fund; 12.2.1 Franchisee fails to comply with any of the requirements imposed upon Franchisee by this Agreement. 12.2.2 Franchisee fails to carry out in all of its obligations under any lease for the Franchise premises and the lease is terminated, or under any equipment Agreement, promissory note, conditional sales contract or other contract materially affecting the Franchise operation, to which Franchisee is a party or by which Franchisee is bound; or 12.2.3 Franchisee fails to submit when due reports or financial data that Franchisor requires under this Agreement. 12.3 Duties Upon Termination or Expiration of Agreement Upon termination or expiration of this Agreement: 12.3.1 Franchisee shall immediately pay all sums due and owing or accrued under this Agreement prior to termination or expiration, payments to be made to Franchisor or to the Franchise Owners Advertising and Sales Promotion Fund, as appropriate. Such sums shall include any damages, costs, and expenses, including reasonable attorney fees, incurred by Franchisor by reason of default on the part of Franchisee. © 2011 by Docstoc®, Inc. registered document proprietary, copy not 10 12.3.2 Franchisee shall immediately cease to use, by advertising or in any manner whatsoever, any methods associated with the name of the Franchise any or all of the proprietary marks and names, and any other trade secrets, confidential information, operating manuals, slogans, signs, symbols, or devices forming part of the Franchise System or otherwise used in connection with conduct of the Franchise operation. 12.3.3 Franchisee shall immediately return to Franchisor all operating manuals, plans, specifications, and other materials containing information prepared by Franchisor and relative to the Franchise System. 12.3.4 All Rights to be Cumulative No right or remedy conferred by this Agreement upon or reserved to Franchisor is exclusive of any other right or remedy in this Agreement or provided or permitted by law or in equity, but each shall be cumulative of every other right or remedy given under this Agreement. 13. TRANSFER OF FRANCHISE Franchisee’s rights in the Franchise are transferable only as follows: 13.1 Upon Franchisee’s death, the rights of Franchisee in the Franchise may pass to Franchisee’s next of kin or legatees, provided such next of kin or legatees agree, in a written instrument satisfactory to Franchisor, to assume Franchisee’s obligations under this Agreement. 13.2 Franchisee may sell the Franchise to a natural person and be relieved of further obligations under this Agreement, provided that (a) the purchaser has a satisfactory credit rating, is of good moral character, has business qualifications satisfactory to Franchisor, will comply with Franchisor’s training requirements, and enters into any and all direct agreements with Franchisor that Franchisor is then requiring of newly-franchised persons; (b) all money obligations of Franchisee under this Agreement are fully paid, Franchisee is not in default under this Agreement, and Franchisee executes a general release of all claims against Franchisor; (c) Franchisee pays tp Franchisor __________ dollars ($____) for its legal fees and other expenses incurred in connection with the transfer; and (d) Franchisee has first offered to sell Franchisee’s Franchise to Franchisor upon the same terms the purchaser has offered Franchisee in writing, and Franchisor has refused the offer or failed to accept it for a period of __________ (__) days. 13.3 The name of the Franchise shall not be used in any advertisement for the sale of Franchisee’s Franchise or equipment. 13.4 Franchisee may assign and transfer Franchisee’s rights under and pursuant to this Agreement to a corporation without, however, being relieved of any personal liability, provided that: (a) the corporation is newly organized and its activities are confined exclusively to operating Franchisee’s Franchise; (b) Franchisee is the owner of the controlling stock interest in the corporation and is the principal executive officer of such corporation; (c) all money © 2011 by Docstoc®, Inc. registered document proprietary, copy not 11 obligations of Franchisee to Franchisor are fully paid; (d) the corporation agrees, in a written instrument satisfactory to Franchisor, to assume all Franchisee’s obligations under this Agreement; and (e) all stockholders of the corporation guarantee, in a written instrument satisfactory to Franchisor, the full and prompt payment and performance by the corporation of all of its obligations to Franchisor. 14. FRANCHISEE AS INDEPENDENT CONTRACTOR 14.1 This Agreement does not make Franchisee an agent, legal representative, joint venturer, partner, employee, or employee of Franchisor for any purpose. 14.2 Franchisee shall be an independent contractor and is in not authorized to make a contract, agreement, warranty, or representation on behalf of Franchisor or to create any obligation, express or implied, on behalf of Franchisor. 14.3 The parties agree that this Agreement does not create a fiduciary relationship between Franchisor and Franchisee. 15. WAIVER No failure of Franchisor to exercise any power reserved under this Agreement, or to insist upon strict compliance by Franchisee with any obligation or condition under this Agreement, and no custom or practice of the parties in variance with the terms of this Agreement, shall constitute a waiver of Franchisor’s right to demand strict compliance with the terms of this Agreement. Waiver by Franchisor of any particular default by Franchisee shall not affect or impair Franchisor’s right in respect to any subsequent default of the same or of a different nature. No delay, waiver, forbearance, or omission of Franchisor to exercise any power or right arising out of any breach or default by Franchisee of any of the terms, provisions, or covenants of this Agreement shall affect or impair Franchisor’s rights; nor shall such failure constitute a waiver by Franchisor of any rights under this Agreement or of the right to declare any subsequent breach or default. Subsequent acceptance by Franchisor of the payments due hereunder shall not be deemed to be a waiver by Franchisor of any preceding breach by Franchisee of any terms, covenants, or conditions of this Agreement. 16. NOTICE All notices required by this Agreement shall be made in writing and shall be sufficient when sent by certified mail to the receiving party at the address set forth on the signature page of this Agreement or at such other address as that party may have designated in writing. © 2011 by Docstoc®, Inc. registered document proprietary, copy not 12 17. LIABILITY FOR BREACH 17.1 In the event of any default on the part of Franchisee that remains uncured for a period of __________ (__) days from the date of a written notice to cure specifying the nature of such default, Franchisee shall pay to Franchisor all damages, costs, and expenses, including reasonable attorney fees, incurred by Franchisor as a result of any such default. 17.2 All damages, costs, and expenses, including reasonable attorney fees, may be included in the judgment entered in any proceedings brought by Franchisor against Franchisee. 18. ENTIRE AGREEMENT This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the Effective Date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 19. MODIFICATION OF AGREEMENT Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if made in writing and signed by each party or an authorized representative of each party. 20. SEVERABILITY Each section, part, term, and provision of this Agreement shall be considered severable. If, for any reason, any section, part, term, or provision of this Agreement is determined to be invalid and contrary to, or in conflict with, any existing or future law or regulation of a court or agency having valid jurisdiction, such determination shall not impair the operation or affect the remaining portions, sections, parts, terms, or provisions of this Agreement, and the latter will continue to be given full force and effect and bind the parties to this Agreement. The invalid section, part, term, or provision shall be deemed not to be a part of this Agreement. 21. GOVERNING LAW It is agreed that this Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ________________________________. 22. ARBITRATION OF DISPUTES All disputes, claims, and questions regarding the rights and obligations of the parties under the terms of this Agreement are subject to arbitration. Either party may make a demand for arbitration by filing such demand in writing with the other party within __________ (__) days after the dispute first arises. Thereafter, arbitration shall be conducted by __________ (set © 2011 by Docstoc®, Inc. registered document proprietary, copy not 13 forth terms of arbitration, such as: three arbitrators acting under the rules of commercial arbitration of the American Arbitration Association). IN WITNESS WHEREOF, Franchisor and Franchisee hereby execute this Agreement on the date first above written. _________________________________ ___________________ Signature and Title Date _________________________________ ___________________ Signature and Title Date _________________________________ ___________________ Signature and Title Date Address of Franchisee: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Address of Franchisor: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ © 2011 by Docstoc®, Inc. registered document proprietary, copy not 14
Pages to are hidden for
"Franchise Agreement"Please download to view full document