Franchise Contract
Franchise Contract
This Franchise Contract (Contract), is made and entered into this [DATE] (the Effective Date), by and between [Your Name] (Franchisor), a corporation organized and existing under the laws of [Country], having its principal place of business at [Your Company Address], and [Franchisee Name] (Franchisee), a corporation organized and existing under the laws of [Country], having its principal place of business at [Franchisee Address].
I. GRANT OF FRANCHISE
Subject to terms and conditions as outlined in this Agreement, the Franchisor hereby grants to the Franchisee a non-exclusive right to operate a franchised business employing the Franchisor’s system of operation, marks, and proprietary information relating to the set-up, operation, and promotion of the franchise.
II. FRANCHISE LOCATION
The franchisee shall open and operate the Franchise only at a location ('Premises') agreed upon by both parties.
III. TERM AND RENEWAL
This Agreement shall have a term of [Term] years commencing on the Effective Date. The Franchisee shall have the option to renew this Agreement for an additional term, subject to Franchisor’s then-current renewal terms, conditions, and franchising arrangements.
IV. FRANCHISE FEE
The Franchisee agrees to pay to Franchisor a franchise fee of [Franchise Fee Amount] due and payable on [Payment Due Date].
V. TRAINING AND ASSISTANCE
The franchisor agrees to provide initial training and opening assistance to the Franchisee, and from time to time during the term of this Agreement, such continuing advice and assistance as the Franchisor deems advisable.
VI. MARKETING AND ADVERTISING
The Franchisee shall conduct advertising and marketing campaigns in line with the Franchisor’s requirements and specifications.
VII. INDEMNIFICATION
Franchisee shall indemnify and hold the Franchisor harmless against any claim, loss, damage, cost, or other expense incurred by the Franchisor resulting from the conduct of the Franchisee’s business, any default by the Franchisee under this agreement, or the Franchisee’s violation of any law.
VIII. DEFAULT AND TERMINATION
Either party may terminate this Agreement upon written notice if the other party defaults on any material term or condition of this Agreement, and the defaulting party fails to remedy that default within a reasonable time after receipt of written notice of default.
IX. DISPUTE RESOLUTION
Any dispute arising out of or relating to this Agreement, its performance, breach, or interpretation (including issues about its validity or enforceability), shall be exclusively (except as provided below) resolved by binding arbitration.
X. GOVERNING LAW
This Agreement shall be governed by and construed following the laws of [Country].
IN WITNESS WHEREOF, Franchisor and Franchisee have executed this Franchise Agreement as of the Effective Date.
[Your Name]
[DATE SIGNED]
[Franchisee Name]
[DATE SIGNED]
