Checklist Basic Franchise Agreement Terms

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Franchisor and Franchisee Details

Franchisor Legal Name: {{franchisor_legal_name}}

Franchisor Business Address: {{franchisor_address}}

Franchisor Contact Person: {{franchisor_contact_person}}

Franchisee Legal Name: {{franchisee_legal_name}}

Franchisee Business Address: {{franchisee_address}}

Franchisee Contact Person: {{franchisee_contact_person}}

Grant of Franchise

Exclusive or Non-Exclusive Territory: {{territory_type}}

Description of Territory: {{territory_description}}

Term of Agreement (Initial): {{initial_term_years}} years

Renewal Options and Conditions: {{renewal_options}}

Franchise Fees and Payments

Initial Franchise Fee: {{initial_franchise_fee}} {{currency}}

Payment Schedule for Initial Fee: {{initial_fee_payment_schedule}}

Royalty Fee (Percentage of Gross Revenue): {{royalty_percentage}}%

Royalty Payment Frequency: {{royalty_payment_frequency}}

Marketing/Advertising Fund Contributions: {{marketing_fund_contribution_percentage}}%

Other Fees (e.g., technology, training): {{other_fees_description}}

Training and Support

Initial Training Program Details: {{initial_training_details}}

Ongoing Support and Assistance: {{ongoing_support_description}}

Operations Manual Access and Updates: {{operations_manual_details}}

Intellectual Property and Branding

Use of Trademarks, Service Marks, and Logos: {{IP_usage_terms}}

Brand Standards and Guidelines Compliance: {{brand_standards_compliance}}

Confidentiality and Non-Disclosure provisions: {{confidentiality_terms}}

Operational Requirements and Standards

Approved Suppliers and Products/Services: {{approved_suppliers_products}}

Quality Control Standards: {{quality_control_standards}}

Operating Hours and Staffing Requirements: {{operating_hours_staffing}}

Record Keeping and Reporting Requirements: {{record_keeping_reporting}}

Termination and Dispute Resolution

Grounds for Termination by Franchisor: {{franchisor_termination_grounds}}

Grounds for Termination by Franchisee: {{franchisee_termination_grounds}}

Notice Periods for Termination: {{termination_notice_periods}}

Post-Termination Obligations (e.g., de-branding, non-compete): {{post_termination_obligations}}

Dispute Resolution Mechanism (e.g., mediation, arbitration): {{dispute_resolution_mechanisms}}

Governing Law and Jurisdiction

Governing Law of the Agreement: {{governing_law_country}}

Jurisdiction for Legal Proceedings: {{jurisdiction_for_proceedings}}

Signatures

___________________________ ___________________________

Franchisor Representative Name Date

{{franchisor_legal_name}}

___________________________ ___________________________

Franchisee Representative Name Date

{{franchisee_legal_name}}