Key description
- This is an agreement pursuant to which the franchisor who is the owner of a chain of coffee shops and reputable brands grants the right to the franchisee to develop a certain number of outlets in a specific geographic area and to use the trademarks and service marks of the franchisor in its operations in return for the payment of royalties and licensing fees. Although designed for use in the US, t
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Covered clausesGeneral
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GRANT OF AREA DEVELOPMENT FRANCHISE
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DEVELOPER’S DEVELOPMENT OBLIGATION
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EXCLUSIVITY
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TERM OF AREA DEVELOPMENT AGREEMENT
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PAYMENTS BY DEVELOPER
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EXECUTION OF INDIVIDUAL FRANCHISE AGREEMENTS, TRAINING
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ASSIGNMENT AND SUBFRANCHISING
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NON-COMPETITION, NON-SOLICITATION, TRADE SECRETS
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TERMINATION
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BUSINESS ENTITY DEVELOPER
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GENERAL CONDITIONS AND PROVISIONS
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SUBMISSION OF AGREEMENT
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ACKNOWLEDGMENT
