A franchise contract is commenced between an interested franchisee and a franchiser for obtaining a license of particular products & services in which the franchisee party will follow the defined pattern of selling product & goods. Such a contract is based on the term & conditions, payment clause and termination act, etc.
Sample of Sample Franchise Contract:
Contract number: 73/ SF
Date: February 15th, 2011
This franchise contract is made & entered between: Keva Beauty Products Address: Plot No: 9. Industrial Area, Salt Lake City, New York, America, hereinafter called as the Franchiser Party.
Shenna Enterprisers Pvt. Ltd, Address: Office no: 78, Spencer Road, New York, America, hereinafter called as the Franchisee Party.
Whereas the franchisee party is willing to work with the franchiser party and the franchiser party is agreed to provide the license as per the mentioned considerations & covenants.
This contract is effective from February 16th, 2011 and is ending on February 16th, 2012.
Term & Conditions:
Duties & Obligations:
The franchisee party will receive the full training and marketing material to promote the goods & products and will follow the defined working rules, whereas the franchiser party will provide the timely support to the franchisee.
The franchisee party will pay $ 15000 to the franchiser party for obtaining the license, whereas the total fee spent on this contract will be settled by both parties.
In case of any monetary issue and breach of the above mentioned term & conditions, the contract will be terminated. The guilty party will pay $ 10000 to the alleging party.
Acceptance of the Franchise Contract:
Franchiser Party: Franchisee Party:
Emma Watson Jorge Simpson