[Sender.City] [Sender.State] [Sender.Zip]
[Owner.City] [Owner.State] [Owner.Zip]
PandaTip: The top portion of the template covers the parties involved in the agreement as well as the franchise fees that the owner is agreeing to pay.
This franchise agreement governs [Owner.Name]’s license to operate an authorized franchise location under the [Franchise.Company] umbrella. The agreement is valid as of [Agreement.Date] and lasts for a period of [Agreement.Years] years.
|[Owner.City], [Owner.State] [Owner.Zip]||[Owner.Phone]|
|City, State, Zip||Phone|
|[Sender.City], [Sender.State] [Sender.Zip]||[Sender.Phone]|
|City, State, Zip||Phone|
Franchise Agreement Terms
PandaTip: This section of the template outlines the responsibilities of the brand and the location owner.
- Owner will ensure that the location adheres to established franchise guidelines for appearance and cleanliness.
- Owner agrees to provide all necessary documentation and materials needed to meet requirements of the franchise location.
- Owner agrees to oversee the daily management and operation of said franchise location and employees.
- Owner is also in agreement to maintain all upkeep of said location. [Owner.FirstName] [Owner.LastName] has the right to inspect the location upon notice no later than [Inspection.NoticeDays] before any inspection.
- Any and all failure to apply with the terms and conditions set forth may result in termination of the agreement, and further legal action as deemed necessary by the Franchise.
The company is currently in good standing under all laws and has all requisite power and authority to enter into this agreement with the owner.
To the owners current knowledge there are no legal manners or personal manners the will prohibit them from fulfilling this contracts term.
Company will provide needed support as listed below for Owner as agreed to in this franchise agreement.
Owner agrees to pay franchise for the rights to own and operate this franchise location. Payment amount is shown in the table above and includes any deposits, discounts, and taxes related to said amount.
Owner also agrees to pay said Company royalties up to [Dollar.Amount] on a monthly basis as agreed upon by both parties.Failure to pay any royalties and/or fees within agreed time period may result in termination, seizure or withdrawal of the Owner’s franchise license.
PandaTip: Use the table in the template below to detail any advertising or promotion assets that will be provided to the franchise owner.
Owner will conduct and maintain all independent advertising and will pay [Annual.MarketingFee] to the Franchise as payment for any National or International advertising required for overall franchise operation. Franchisee will be invoiced monthly for above mentioned advertising.
Company will provide and maintain all signage, products ,ect necessary for location promotions or branding.
The following items have been found necessary for the success of the franchise additional items must be requested no later than 3 days from purchase date.
Any and all trademarks and any copyrights belonging to franchise will remain the Franchise’s sole intellectual property at all times. Owner will have limited and non-exclusive rights for use of said trademarks and copyrights for the sole purposes of advertising and promotion. Any misuse of the Company’s trademarks or copyrights will result in contract termination and legal action. Any misuse of the Company’s trademarks or copyrights will result in the termination of this agreement.
Selling/Transferring of Franchise
Owner may sell or transfer the franchise with prior written and approved notice from company.
Company has rights to deny any selling or transferring of ownership of the franchise location for any reason.
Any and all trademarks and any copyrights belonging to franchise will remain the Franchise’s sole intellectual property at all times. Owner will have limited and non-exclusive rights for use of said trademarks and copyrights for the sole purposes of advertising and promotion.
Any misuse of the Company’s trademarks or copyrights will result in contract termination and legal action. Any use of the owners copyrighted material without prior approval will be subject to agreement termination.
All confidential information exchanged between owner and company shall be labeled and clearly marked as confidential.
Renewal and Termination
PandaTip: These sections cover the processes for renewing or terminating the franchise agreement, along with terms governing severability and jurisdiction.
This franchise agreement will be renewed as of [Renewal.Date]. Both parties will have options to renew or cancel this Franchise Agreement at said date.
Failure to comply with any and all terms of this agreement made by the franchisee will result in termination of the agreement in its entirety
As a result Owner will agree to give up all rights to use the Franchise’s intellectual property at the location listed in this franchise agreement, including intellectual property such as logos and signage.
Severability and Jurisdiction
Any terms found unenforceable will have the option to be replaced as deemed necessary. The exclusion of above-mentioned terms will in no way affect any other portions of this agreement.
Both parties are in agreement any and all disagreements pertaining to this franchise agreement shall take place in [Franchise.State].
This agreement will come “Into Term” upon the signing of this document.
This agreement shall remain active for a period of 1 year of signing unless one of the following occur,
- Termination by either party in disregard for the terms and conditions.
- Lapse of contract due to no extension or finalization of franchise agreement.
- Legal proceedings from either agreeing party.
By signing this agreement both parties acknowledge understanding and agreement of all above listed terms and conditions.
PandaTip: Once the template has been filled in completely, you and the franchise owner will be able to sign the final franchise agreement draft from any computer, smartphone, or tablet. PandaDoc’s e-signatures are court admissible and legally binding.
By signing below, both parties agree to enter into, uphold, and enforce the entire terms of this franchise agreement template.