Free Franchise Agreement
Franchise Agreements are used by a franchise owner and a party who desires to purchase a franchise. This agreement sets out the specific terms including the new business location, a license to use the franchise name as well as marketing and promotional tools furnished by the franchise owner.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
This Franchise Agreement has been entered on _______________, by and between _____________________, (“Franchiser”) and ______________________, (“Franchisee”)
In consideration of the mutual promises and covenants contained in this Agreement, both parties herein agree to be bound by the terms and conditions set forth in this Agreement.
Franchise. Franchiser, ______________has through the investment of considerable time and money developed a unique and distinctive system in ________________________.
Benefits. Franchisor has an established trademark and goodwill, as well as marketplace experience. In thus, Franchisor shall pass its trademark and goodwill unto the Franchisee.
Franchise Fee. Franchisee shall pay an initial fee in the amount of $ ______________.
Proprietary Marks. Franchisor grants to Franchisee a license, to use the Franchisor's trademarks, trade names and service marks in connection with operating the franchise. Franchisee is prohibited from changing or diluting the composition of the Products as furnished to the Franchisee by Franchisor unless expressly authorized by Franchisor.
Training And Assistance. Franchisor shall offer to Franchisee guidance via to manuals and/or courses and/or on-going consultation services.
Advertising. Franchisee shall market and advertise as follows:
Confidential Information. Franchisee expressly warrants that they will not divulge any information related to the franchise or franchisor's business.
Standards of Quality. Franchisee is prohibited from changing or diluting the composition of the marks or products unless authorized by the franchisor.
Independent Contractor Relationship, Franchisee acknowledges that it is his/her legal responsibility to pay and withhold all applicable federal and state income taxes (including estimated taxes), social security, Medicare and all applicable federal and state self-employment taxes.
Franchisor and Franchisee executed this Franchise Agreement on the following date.