Franchise agreement (non-exclusive)

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Franchise agreement—non-exclusive

(1) Franchisor

(2) Franchisee

THIS DEED OF AGREEMENT is made [insert date] [insert year]

PARTIES

(1) [insert name] [of] [incorporated in [Jurisdiction] under number [insert company number] whose registered office is at] [insert address] (the Franchisor); and

(2) [insert name] [of] [incorporated in [Jurisdiction] under number [insert company number] whose registered office is at] [insert address] (the Franchisee);

(each a Party and together the Parties).

BACKGROUND

A. The Franchisor has developed the Method and the Business.

B. The Franchisor [has applied to register OR is the registered proprietor of OR owns OR has the right to sub-license] the Trade Marks.

C. The Franchisor wishes to appoint the Franchisee to run the Franchise Business in the Territory.

D. The Franchisee wishes, and is able, to accept such appointment.

THE PARTIES AGREE:

1. Definitions and interpretation

1.1 In this Agreement:

  • Annual Sales Target means, for each Year, the Turnover set out in the Business Plan;

  • Business means the business of [specify], developed by the Franchisor and operated using the Method;

  • Business Day means a day [other than Saturday, Sunday and public holidays OR when clearing banks generally are open for [non-automated] business in London];