Restrictive Covenant Agreement for Franchise

Give your franchisees the right of first refusal on new locations within their territory with this free form, which you can download or copy and paste from the text below.

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FRANCHISEE'S FIRST REFUSAL RIGHT FOR NEW FRANCHISES

The Franchisor, __________, and the Franchisee, _____________, as set forth in their Franchise Agreement on _____________, _______________, ______________ and as witnessed by __________________ [name of witness], have agreed to the following additional terms and conditions:



In the case of exclusive distribution rights given to the Franchisor, the Franchisee has the option of first refusal of any new or additional locations of said business located at the following address:
_______________________________________________________________________________.

Franchisee may or may not grant permission of additional business locations without the written and express consent of franchisor in the following described territory: _______________________________, until such time as described _____________________________. Franchisee must comply with written notice of Franchisor to refuse or accept intent. Failure to respond will allow Franchisee the right to exercise option.

Dated the _______ day of _____________________, 20___.


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Signature of Franchisor


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Signature of Franchisee