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**FRANCHISE AGREEMENT**
THIS FRANCHISE AGREEMENT (“Agreement”) is entered into this ____ day of ____________, 20____, by and between _______________, a company incorporated under the laws of the Republic of India, having its registered office at ________________________ (“Franchisor”), and ________________________, an individual residing at ________________________ (“Franchisee”).
WHEREAS, Franchisor is engaged in the business of _______________________________________;
WHEREAS, Franchisee is desirous of obtaining a franchise from Franchisor to operate a _____________ store under the system and methods developed and prescribed by Franchisor;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties agree as follows:
**1. DEFINITIONS**
1.1 Franchise
1.2 Franchise Territory
1.3 Franchise Fee
1.4 Franchise Term
1.5 Franchise System
**2. GRANT OF FRANCHISE**
2.1 Grant
2.2 Franchise Territory
2.3 Exclusive Rights
2.4 Reservation of Rights
**3. FRANCHISE FEE AND OTHER PAYMENTS**
3.1 Initial Franchise Fee
3.2 Royalty Fee
3.3 Advertising Contribution
**4. TRAINING AND SUPPORT**
4.1 Initial Training
4.2 Ongoing Training
4.3 Technical Support
**5. OPERATIONS**
5.1 Operational Standards
5.2 Operating Manual
5.3 Inspection and Reporting
**6. ADVERTISING AND PROMOTION**
6.1 Franchisor’s Advertising
6.2 Franchisee’s Advertising
6.3 Approval of Advertising Materials
**7. PROPRIETARY RIGHTS**
7.1 Ownership and Goodwill
7.2 Trademarks
7.3 Confidential Information
**8. TERM AND RENEWAL**
8.1 Initial Term
8.2 Renewal
8.3 Termination by Franchisor
**9. TRANSFER**
9.1 Transfer by Franchisee
9.2 Transfer by Franchisor
**10. POST-TERMINATION OBLIGATIONS**
10.1 Obligations Upon Expiration
10.2 Obligations Upon Termination
**11. INDEMNIFICATION**
11.1 Indemnity by Franchisee
11.2 Indemnity by Franchisor
**12. INSURANCE**
12.1 Required Coverage
12.2 Proof of Coverage
**13. DISPUTE RESOLUTION**
13.1 Mediation
13.2 Arbitration
13.3 Jurisdiction
**14. MISCELLANEOUS**
14.1 Entire Agreement
14.2 Amendment
14.3 Waiver
14.4 Binding Effect
14.5 Governing Law
14.6 Notices
14.7 Severability
14.8 Force Majeure
14.9 Counterparts
14.10 Interpretation
IN WITNESS WHEREOF, the parties have executed this Franchise Agreement as of the date first above written.
___________________________ __________________________
Franchisor Franchisee
*DISCLAIMER: This template is provided for illustrative purposes only and is not a substitute for professional legal advice. This template may not cover all possible legal and business issues that may arise in a franchise agreement. It is strongly recommended to seek legal advice from a qualified attorney before entering into any contract or agreement. *