For a licensing agreement, the licensee authorizes the purchaser to use his property for commercial or other reasons. Licensing agreements also have their own specific terms of sale, but the content differs from that of franchise agreements. (k) make it clear, in all literature and correspondence reports and by a bulletin board on the premises, that it is a franchisee independent of the franchisor and is not related in any other way. The franchisor gives the franchisee its brand name, so the franchisee is required to meet the standards and the standards set by the owner or principle. This franchise agreement governs [Owner.Name` license to operate an approved franchise site under the roof of [Franchise.Company]. The agreement is valid from [the date of the agreement] and lasts a period [of agreement.years] years. The franchise agreement must also indicate the amount of the royalty payable by the franchisee. This may include an initial fee and current royalties. Before signing, the franchisee must understand everything on the document, including the restrictions and provisions set out in the document. The owner agrees to pay the deductible for the rights to own and operate this franchise site. The amount of the payment is shown in the table above and includes all deposits, rebates and taxes related to this amount. The following items were deemed necessary for the success of the franchise to request additional items no later than 3 days from the date of purchase. All trademarks and copyrights belonging to the franchise remain the exclusive intellectual property of the franchise at all times.
The owner has limited and non-exclusive rights for the use of these trademarks and copyrights for the sole purpose of advertising and advertising. Any misuse of the company`s trademarks or copyrights results in the termination of the contract and legal action. Any misuse of the company`s trademarks or copyrights results in the termination of this agreement. (a) Immediately after the signing of this agreement, a deductible fee at the amount specified in Schedule 3. (b) at the request of the franchisor and prior to initial training for the franchisor`s payment for the initial and continuing training covered in point 4.