Franchise Agreement Details the relationship between a franchisor and franchisee, including fees and obligations.
is made and entered into as of [Date], by and between BlueWave Franchising Inc., a corporation organized under the laws of the United States, having its principal office at [Address] (hereinafter referred to as the "Franchisor"), and GreenEats Enterprises, a corporation organized under the laws of [State] and residing at [Address] (hereinafter referred to as the "Franchisee").
1.1. Franchise License
Subject to the terms and conditions of this Agreement, the Franchisor hereby grants to the Franchisee, and the Franchisee hereby accepts, a non-exclusive, non-transferable license (the "Franchise License") to use the Franchisor's trademarks, trade names, and service marks, including "FreshBites Cafe" (collectively, the "Marks") and the Franchisor's proprietary business system (the "System") in connection with the operation of a FreshBites Cafe franchise at a single, specific location (the "Franchised Business") as agreed upon by both parties hereto.
2.1. Territory Rights
The Franchisor hereby grants to the Franchisee the exclusive territorial rights within a geographical area (the "Territory"), defined as a [Number of Mile Radius] mile radius from the Franchised Business's location. The Franchisee shall have the exclusive right, during the term of this Agreement, to establish and operate the Franchised Business only within the Territory. No other FreshBites Cafe franchises shall be established by the Franchisor within the Territory during the term of this Agreement.
3.1. Initial Franchise Fee
Upon execution of this Agreement, the Franchisee shall pay to the Franchisor a non-refundable initial franchise fee of [Amount in words] Dollars ($[Amount]) (the "Initial Franchise Fee").
3.2. Royalty Fee
The Franchisee shall pay to the Franchisor, commencing on the first day of the calendar month following the opening of the Franchised Business, an ongoing royalty fee equal to [Percentage] % of the Franchised Business's gross monthly sales (the "Royalty Fee"). The Royalty Fee shall be payable by the Franchisee to the Franchisor on or before the tenth (10th) day of each calendar month during the term of this Agreement.
4.1. Training
The Franchisor shall provide the Franchisee with an initial training program for the operation of the Franchised Business. The training program shall include [Number of Days] days of on-site training at the FreshBites Cafe corporate headquarters and [Number of Days] days of on-site training at the Franchised Business location. Expenses for travel, lodging, and meals of the Franchisee and its employees during the training program shall be borne solely by the Franchisee.
4.2. Manuals
The Franchisor shall provide the Franchisee with one (1) copy of the FreshBites Cafe Operations Manual (the "Manual"), which shall contain the necessary operational, marketing, and administrative information and guidelines for the Franchised Business. The Franchisee shall, at all times, operate the Franchised Business in accordance with the procedures and guidelines set forth in the Manual.
5.1. Term
The term of this Agreement shall be [Number] years from the date hereof, unless sooner terminated as provided herein. This Agreement may be renewed for successive periods of [Number] years each, provided that the Franchisee is, at the time of each renewal, in full compliance with all terms and conditions of this Agreement and any other agreements then in effect between the Franchisor and the Franchisee.
5.2. Termination
This Agreement may be terminated by the Franchisor upon the occurrence of any of the following events, after providing the Franchisee with written notice and a reasonable period within which to cure any default or breach:
This Agreement shall be governed by, construed, and enforced in accordance with the laws of the United States.
This Agreement, including its exhibits and any written amendments hereto, constitute the entire agreement between the Franchisor and the Franchisee and supersede all prior agreements, negotiations, and discussions between the parties relating to the subject matter hereof. No modifications, amendments, or waivers of any provisions of this Agreement shall be effective unless in writing and signed by both parties hereto.
IN WITNESS WHEREOF, the Franchisor and the Franchisee have duly executed this Agreement as of the date first above written.
BlueWave Franchising Inc.
By: ______________________________________
Name: [Name], Title: [Title]
GreenEats Enterprises
By: ______________________________________
Name: [Name], Title: [Title]
In this Franchise Agreement, you will see the following sections:
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