This is a master franchise agreement. The form grants franchise rights to a subfranchisor to operate restaurants and to procure, screen, qualify, train, and assist subfranchisees of the restaurant.
Master Franchise Agreement Template For Educational Institute
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Master franchisees basically play the role of assistant coach to the franchisor's head coach. Most often, especially for U.S. franchise systems, master franchises are granted for international expansion. It can be used domestically in cases of large area expansions as well.
Here are 10 fundamental provisions outlined in some form or fashion in every franchise agreement:Location/territory.Operations.Training and ongoing support.Duration.Franchise fee/investment.Royalties/ongoing fees.Trademark/patent/signage.Advertising/marketing.More items...
A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area.
Franchise agreements vary between different franchises, but these seven areas should be addressed in every franchise agreement.Use of Trademarks.Location of the Franchise.Term of the Franchise.Franchisee's Fees and Other Payments.Obligations and Duties of the Franchisor.Restriction on Goods and Services Offered.More items...
A franchise agreement incorporates the rights and obligations of the franchisor and franchisee to license and sell a company's intellectual property and licensing rights. Examples of businesses that use franchise agreements include: Convenience stores. Fast food and chain restaurants.
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2 The clauses in this agreement are simply sample clauses drawn from typical franchise agreements. (Electronics) and a Bachelors Degree in Law from the University of Bombay.EX-10.2 3 masterfranchisecopy. I. How Does a Master Franchise Agreement Differ from Other Forms of Franchise Agreements? The online Franchise Management Certificate is designed to help current or future franchisees embrace their full potential and succeed as a business owner. 11. Is the franchisor subject to any general or formal pre-contract disclosure requirements? Foreign Franchisors Entering the U.S. Using Master Franchising .