**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. *