Salon Franchise Agreement
Salon Franchise Agreement
This Salon Franchise Agreement ("Agreement") is entered into on [Date], between [Your Company Name] ("Franchisor"), located at [Your Company Address], and [Franchisee Name] ("Franchisee"), located at [Franchisee Address].
1. Grant of Franchise:
The Franchisor grants the Franchisee the non-exclusive right and license to operate a salon under the name [Your Company Name] ("Salon") at the location specified in Exhibit A ("Premises").
2. Term:
The initial term of this Agreement shall commence on [Commencement Date] and continue for a period of [Initial Term Length] years. The Franchisee shall have the option to renew this Agreement for successive periods of [Renewal Term Length] years each, subject to compliance with the terms and conditions herein.
3. Franchise Fee:
The Franchisee shall pay the Franchisor an initial franchise fee of [Initial Franchise Fee Amount] upon execution of this Agreement.
4. Royalties:
The Franchisee shall pay the Franchisor ongoing royalties of [Royalty Percentage]% of gross revenues on a [Frequency] basis, as specified in Exhibit B.
5. Training and Support:
The franchisor shall provide the Franchisee with initial training and ongoing support as detailed in Exhibit C to ensure the successful operation of the Salon.
6. Products and Services:
The Franchisee shall offer the products and services specified by the Franchisor and adhere to the quality standards set forth in the Operations Manual provided by the Franchisor.
7. Territory:
The Franchisor grants the Franchisee the exclusive right to operate the Salon within the territory specified in Exhibit D.
8. Marketing and Advertising:
The Franchisee shall contribute [Marketing Contribution Percentage]% of gross revenues towards local marketing and advertising efforts, in addition to participating in national marketing campaigns as directed by the Franchisor.
9. Intellectual Property:
The Franchisee acknowledges that all trademarks, logos, and intellectual property associated with the Salon are owned by the Franchisor and agrees to use them solely in accordance with the Franchisor's guidelines.
10. Termination:
This Agreement may be terminated by either party upon written notice for material breach, insolvency, or bankruptcy, subject to the cure period specified in Exhibit E.
11. Dispute Resolution:
Any disputes arising under this Agreement shall be resolved through arbitration in accordance with the rules of the American Arbitration Association.
12. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to its conflict of laws principles.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
Franchisor
[Representative Name]
[Date]
Franchisee
[Representative Name]
[Date]
Exhibits:
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Exhibit A: Premises
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Exhibit B: Royalty Payment Schedule
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Exhibit C: Training and Support
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Exhibit D: Territory
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Exhibit E: Termination Procedures
