Business Franchises Franchise Insurance of Liability

FRANCHISE INSURANCE OF LIABILITY The franchiser, _________________________________________, and the franchisee, ___________________________________, as set forth in their franchise agreement on ____________________________________________________ and as witnessed by _________________________________, have agreed to the following additional terms and conditions: ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Franchisee must throughout the lifetime of the contractual agreement posses proof of liability insurance. This insurance shall be ________________________________ ___________________________ (type coverage) and will be in place to benefit, not only the franchise and the franchisee, the franchiser. The amount of liability insurance will be ____________________________, as dictated within reason by the franchiser. Franchisee also agrees as mandate by franchiser the following: ____________________________________________________________________ ____________________________________________________________________ _____________________________________________________ insurance coverage. Franchiser must be given copies of all such policies and policies may not be canceled by the franchisee without prior notification of at least ___________________________ (days or weeks ). ____________________________ Franchiser _______________ Dated ____________________________ Franchisee _______________ Dated ____________________________ Witness _______________ Dated ____________________________ Witness _______________ Dated