Franchise Agreement Template: Fees, Sales Territory and Term

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FRANCHISE AGREEMENT

This Franchise Agreement (“Agreement”) is entered into on [Effective Date], by and between:

Franchisor: [Full Legal Name], with principal business address at [Address]

and

Franchisee: [Full Legal Name], with principal business address at [Address]

1. Grant of Franchise

The Franchisor grants the Franchisee the right to operate a franchise business under the Franchisor’s trademarks, trade dress, and proprietary systems within the territory described in Exhibit A.

2. Term of Agreement

This Agreement shall commence on [Start Date] and continue for [Number] years, unless terminated earlier under the provisions herein.

3. Fees and Payments

The Franchisee shall pay the Franchisor an initial franchise fee of [Amount in USD], plus ongoing royalties of [Percentage]% of gross sales, payable [Monthly/Quarterly]. Additional fees may apply for marketing, training, or system updates.

4. Operational Standards

The Franchisee agrees to operate the business in accordance with the Franchisor’s operations manual and maintain quality standards for products, services, and customer experience.

5. Training and Support

The Franchisor will provide initial training, ongoing support, and access to marketing materials to assist the Franchisee in running the business.

6. Advertising and Marketing

The Franchisee shall contribute [Percentage]% of gross sales to a national advertising fund and participate in local marketing activities as directed by the Franchisor.

7. Intellectual Property

The Franchisor retains all rights to its trademarks, service marks, trade secrets, and proprietary information. Unauthorized use or modification is prohibited.

8. Termination

Either party may terminate this Agreement for cause, including material breach, insolvency, or failure to maintain quality standards, upon [Number] days’ written notice.