A franchise contract agreement is a written formal document which is made when a company gives franchise of the product or service or store to another party or person on contract basis. This means that the contract agreement lays down the certain terms and conditions along with other important details for the parties to follow.
Sample Franchise Contract Agreement:
This agreement has been made effective as on 1st May 2011 and shall remain into effect for 12 months
Termination date of agreement: 1st May 2012
This agreement has been made by and between Mr. Robert Grant who is the owner of the COMPANY and Mr. Fred Xavier who is the FRANCHISEE of the company’s stores
Details of the COMPANY
Name: Robert fast food
The COMPANY owns 8 branches of the fast food centre throughout London by the name of Rogers Eat out
Contact number: 47390479440
Details of the FRANCHISEE
The FRANCHISEE resides at 3-H, first floor, Mark road, London
Contact number: 47358037933
The COMPANY agrees to provide franchisee of the Fast food centre which is to be located at R-7, Jack mall, London
The following are the terms and conditions of this agreement:
- The COMPANY can inspect the financial accounts of the FRANCHISEE at any given point of the agreement.
- The FRANCHISEE must pay an amount of $30000 every month to the COMPANY within the first week throughout the agreement length.
- The COMPANY must not interfere in the working or the staff matters of the FRANCHISEE.
Both parties hereby agree to the terms of the agreement: