Products tagged with 'sports franchise'

Use this customizable Franchise Agreement to sign up a franchisee for a sports team in the United States.

Introduction

This Franchise Agreement is designed for use in the United States to facilitate the process of enrolling franchisees interested in operating a pro or semi-pro team in the franchisor’s sports league under its established system and brand.

Franchisor Support and Training

The franchisor commits to providing comprehensive support to each franchisee. This includes initial training that prepares the franchisee to successfully set up and launch their sports team franchise. Additionally, the franchisor will offer ongoing assistance to ensure the continued success of the franchisee’s operations.

Operational Standards and Quality Assurance

It is the responsibility of the franchisee to uphold the franchisor’s standards of operation and quality. By doing so, the franchisee ensures that all aspects of the team’s activities consistently reflect the established branding and deliver a uniform customer experience. Should the franchisee fail to meet these standards, the franchisor reserves the right to implement corrective actions or impose penalties as specified in this agreement.

Fees and Royalties

Franchisees are required to pay an initial franchise fee upon joining the network. In addition to this upfront cost, franchisees must also pay an ongoing annual royalty fee, which is calculated as a percentage of the gross revenues generated by the team.

Marketing and Promotional Requirements

The franchisee agrees to utilize all marketing and promotional materials as mandated by the franchisor. This ensures uniformity and alignment with the franchisor’s overall marketing strategy.

Review, Appeals, and Disciplinary Procedures

The franchisor will provide a formal set of standards and procedures governing review, appeals, and disciplinary actions. These standards are designed to maintain fairness and consistency within the franchise system.

Franchisor’s Operational Responsibilities

The franchisor will oversee critical operational functions, including game scheduling, assignment of officials, conducting player drafts, maintaining records of team statistics and standings, and managing relationships with sponsors and media contacts.

Revenue Sharing Eligibility

Franchisees who are current with all required payments will be eligible to participate in the franchisor’s revenue sharing plan, offering an additional financial incentive for compliance and performance.

Term and Renewal

The initial term of this Franchise Agreement is ten years. Upon expiration, the franchisee has the option to renew the agreement for an additional ten-year term, subject to the terms and conditions at the time of renewal.

Using the Document

This template is provided in MS Word format and is fully editable to fit your specific needs. It was written to comply with U.S. laws and should only be used by franchisors based in the United States.