Additional Franchise Clause Samples
The Additional Franchise clause defines the conditions under which a franchisor may grant additional franchise rights to a franchisee, typically within a specified territory or for a certain period. This clause outlines the process for applying for extra franchises, any prerequisites or performance criteria the franchisee must meet, and the terms under which these additional rights are granted, such as fees or operational requirements. Its core function is to provide a structured mechanism for franchise expansion while ensuring that both parties understand the requirements and limitations, thereby reducing disputes and clarifying expectations.
Additional Franchise. For each additional Franchise purchased from FRANCHISOR, FRANCHISEE shall pay one-half (1/2) of the Initial Franchise Fee as described in Subparagraph 3.B(1) and the balance as described in Subparagraph 3.B(2) herinabove, for the Franchise Agreement governed by the such Franchise(s). C. Consideration Earned. FRANCHISEE hereby acknowledges and agrees that the grant of the License and the undertakings and agreements of FRANCHISOR contained in this Franchise Agreement constitute the sole and only consideration for the payment of the Initial Franchise Fee. The Initial Franchise Fee shall be deemed fully earned by FRANCHISOR as hereinabove specified, and no portion thereof shall be refundable to FRANCHISEE except as specifically provided for herein. Page 4 Initials SECTION 4. TERM, RENEWAL, AND HOLDOVER A. Term of Franchise. The initial term of this Franchise Agreement shall be for a period of Twenty-Five (25) years, commencing on the commencement date of this Franchise Agreement, unless this Franchise Agreement is executed pursuant to an assignment or other transfer arrangement, in which case, the term shall be the remaining portion of the term specified in the respective assignor's or transferor's Franchise Agreement and/or Lease Agreement. The term of this Franchise Agreement may be earlier terminated by FRANCHISOR, as provided in this Franchise Agreement. The date this Franchise Agreement is executed by FRANCHISOR is the commencement Date of this Franchise Agreement. The Expiration Date of this Franchise Agreement shall be the date Twenty-Five (25) years after the execution of this Franchise Agreement by FRANCHISOR, unless terminated at an earlier date as otherwise provided herein. Within one (1) year after execution of this Franchise Agreement, FRANCHISEE shall commence operations of the Center Site. FRANCHISEE'S failure to commence operation of the Center Site by the end of such time period shall be grounds for the termination of this Franchise Agreement. B.
Additional Franchise. For The For FRANCHISEE must pay half (1/2) of the original franchise fee, as described in Subparagraph 3.B. (1) and the balance described in sub-B.B.2, for the franchise agreement managed by such a franchise (s). C.
Additional Franchise. Grantor shall provide written notice to Grantee within ten
Additional Franchise. For each additional franchise can be deducted, it will be reduced, as described in 3D, as described in Chapter 1, half of the first franchisees' costs (1/2). C. won the award. The franchise owner accepts and acknowledges that the provision of the franchisor license and that commitments and agreements in this franchise agreement is the only issue for the first franchise costs. As mentioned in these, the first franchise costs for a discount should be fully earned and no part of the franchise owner will not be repaid except for the cases given. 4 first page.