This form appoints a person to act as a representative for the franchisor within a certain area.
New York Area Representative Agreement
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FAQ
An Area Representative, which is also a franchise relation, refers to someone who purchases rights to a large territory, for example, an entire state, then recruits Unit franchisees within that territory, in exchange for a portion of the initial franchise fee and royalties paid by the Unit franchisee.
The area representative is most often a franchisee in the defined territory, owning one or multiple units. The area representative may own a unit completely or may have smaller ownership in several units.
A representation agreement with your lawyer should provide details on the legal services your attorney will provide, the fees and payment structure and when and how you can terminate the attorney/client relationship. This agreement outlines the terms of your relationship with your lawyer in case there are any disputes.
A standard representation agreement lets you choose a person to make or help you make health-care, personal-care, legal, or routine financial decisions. The person you choose is known as your representative.
Under the area representative rights agreement between the franchisor and the area representative, the franchisor delegates to the area representative the sale obligation and certain of the franchisor's selling, servicing and support obligations to the franchisee.
With this agreement, the franchisor ensures that no other franchisee can open a franchise within the same area while your contract is still active. The required development fee is usually non-refundable. A pro-rata basis is also applied when computing for the unit franchise fees of the succeeding franchise units.
Those seven elements are: Identification (Defining all the parties involved) Offer (The agreement) Acceptance (Agreement mirrored by other parties) Mutual consent (Signatory consent of all parties) Consideration (The value exchanged for the offer) Capacity (Legal/mental competence of all parties)