Franchise Agreement

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Franchise Agreement

2023-10-19 12:38:09
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                Franchise Agreement

This Franchise Agreement (the "Agreement") is made and entered into as of [DATE], by and between [FRANCHISOR_NAME], a corporation organized and existing under the laws of the State of [STATE], with its principal place of business located at [FRANCHISOR_ADDRESS] ("Franchisor"), and [FRANCHISEE_NAME], having its principal place of business located at [FRANCHISEE_ADDRESS] ("Franchisee").

WHEREAS, Franchisor owns [BRAND_NAME] franchise system, consisting of [NUMBER] [TYPE] franchise locations (the "Franchise System");

WHEREAS, Franchisee desires to obtain and operate a [BRAND_NAME] franchise (the "Franchised Business") at [FRANCHISE_LOCATION];

NOW, THEREFORE, the parties agree as follows:

1. Grant of Franchise: Franchisor grants Franchisee the non-exclusive right and license to establish, operate, and maintain the Franchised Business, in accordance with the terms and conditions set forth herein.

2. Term: The initial term of this Agreement shall be [TERM] years, commencing on [START_DATE] and ending on [END_DATE], unless otherwise terminated or extended as provided herein.

3. Fees: Franchisee shall pay to Franchisor the initial franchise fee of [AMOUNT], as specified in Exhibit A.

4. Franchisee Obligations: Franchisee agrees to diligently operate and promote the Franchised Business, maintain necessary insurance, comply with all laws and regulations, and uphold the high standards and reputation of the [BRAND_NAME] franchise system.

5. Confidentiality: Franchisee shall maintain the confidentiality of all confidential and proprietary information provided by Franchisor, both during and after the term of this Agreement.

IN WITNESS WHEREOF, the parties have executed this Franchise Agreement as of the date first above written.

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[FRANCHISOR_NAME]
Franchisor

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[FRANCHISEE_NAME]
Franchisee
            

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