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Document Id : 6938
File Type : Microsoft Word
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USA Unit Franchise Agreement
USA unit franchisors, prepare a Unit Franchise Agreement for a franchise associate with this comprehensive downloadable template.
- The associate is granted a license to use the franchisor's business marks, in order to establish and operate a franchise center within a specified territory.
- The unit franchisor will provide the initial training program and find a suitable location, and will provide ongoing consultation and guidance to the franchise associate.
- Provisions governing the design and construction of the franchise centers.
- Confidentiality provisions.
- The associate must provide accurate and complete accounting and financial records for the franchise business.
- The associate must maintain a life insurance policy naming the franchisor as beneficiary, with the proceeds to pay any outstanding amounts and indebtedness of the franchise business.
- The file includes a Guarantee, Indemnification and Acknowledgement from the principals of the associate, guaranteeing payment of amounts due under the agreement and indemnifying the franchisor.
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