FRANCHISE ROYALTIES
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 will be responsible to provide an audited statement, by a duly authorized agent, of all accounts and transactions of the franchise at least _____________________ annually. Such statement will be delivered in writing every _______________________ and will include a royalty fee to be paid to franchiser. All activity with regard to accounting will be performed in accordance with the standards set forth in provided manuals.
____________________________ Franchiser
_______________ Dated
____________________________ Franchisee
_______________ Dated
____________________________ Witness
_______________ Dated
____________________________ Witness
_______________ Dated
