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Franchise Agreement: Is an agreement between a Franchisor and a Franchisee that contain provisions covering, the obligations of the franchiser (the company) and franchisee regarding operating the business; the training and operational support the franchiser will provide and at what cost; territory and any exclusivity; the initial duration of the franchise and any renewal rights; use of trademarks, patents and signs; what royalties and service fees you franchisee will pay; tax issues; sell or transfer the franchise; advertising policies; franchisee termination issues; settlement of disputes; by the company, operating practices, cancellation, and attorney fees etc.
FRANCHISE AGREEMENT THIS FRANCHISE AGREEMENT is made this day of _____20_ by and between BETWEEN: ______________________________ the registered office of which is __________________ (hereinafter called the “Franchisor”, “we”, “our”, “ourself, “us”); And _________________________of __________________________the registered office of which is _______________(hereinafter referred to as the “Franchisee”, “you”, you” or “yourself”). WHEREAS: A) The Franchisor is the owner of the ________________ Franchise System, the registered proprietor of the name “ABC” , its trade marks and the intellectual property associated with the Franchise Business in United Kingdom and all other territories where the name and trade marks of the owner are registered. B) The ___________ Franchise is a Franchise _______________________approved and developed by the Franchisor for exclusive use as part of the ______________ Franchise business. C) The Franchisee accepts and acknowledges that the Franchise System provided by Franchisor to a franchisee to operate a Franchise is an integral and inalienable component of the Business of Franchise and incorporates all of the requirements standards, procedures and policies for the successful operation of the Business. D) The Franchisee accepts and acknowledges the Franchisor has established quality control procedures and standards and endeavours to maintain these quality control procedures and standards in the operation of its Business and the provision of Services which will be a valuable benefit to the Franchisor and the Franchisee. E) At the Franchisees request the Franchisor has agreed to sell the Franchisee a Franchise in a non exclusive Territory of the Franchisee's choice approved by the Franchisor in accordance with the terms and conditions of this Agreement. F) The parties enter into this Agreement to document the terms and conditions upon which Franchise as Franchisor will provide the services to the Franchisee. WHEREBY IT IS AGREED as follows: 1. Definitions 1.1 The following expressions which are frequently used in this Agreement shall have the Meanings attributed to them below. Other less frequently used expressions are defined In the body of this Agreement Franchise Agreement 1 The “Business” - shall mean the business of the Franchisor licensed to the Franchisee under this Agreement. The “Business Assets” shall mean the assets of the Business whether owned, leased or otherwise lawfully acquired by the Franchisee in the conduct of the Business. The “Equipment” The equipment, fixtures and fittings and other materials from time to time required by Franchisee for use in the establishment and operation of Franchisee’s franchise detailed in Schedule 3. The “Franchisee Fee” - is a sum of: The “Franchise System” – shall mean the business system essential to the conduct of the Franchise Business and includes: (a) Intellectual Property; (b) Corporate Image; (c) The goodwill and business reputation which the Franchisor has established in the Franchisor as a company, its Products and Services, the Name and trade Marks; (d) the knowledge, experience and expertise of the Franchisor in the preparation, marketing and sale of its Products and Services, the preparation, marketing, the sale of the Services and service Customers ; (e) the Franchisor’s training methods, procedures, accounting practices and systems; (f) all innovations and changes in the Franchise System as the Franchisor may develop and prescribe from time to time; (g) the Operations Manual. The “Know-How” - Is our substantial knowledge of and expertise in the operation _______________________ developed over a period of time. The Marks” shall means all registered or unregistered trademarks, business or service names,
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