Franchise Agreement
| Updated at | March 2010 |
This AGREEMENT entered into on the...............................day of......................., 20..............
BETWEEN:
....................................................Limited a Company incorporate under the Companies Act, 1956, having its Registered Office at..........................., represented herein by its................................. Shri................................................. (hereinafter referred to as the ''XYZ Limited '', which expression shall, whenever the context so requires or admits mean and include its successors and assigns) of the ONE PART;
AND
M/s.................................................. a Partnership Firm, having its place of Business at.............................. represented herein by its Partner Shri............................. (hereinafter referred to as the ''AGENT'', which expression shall, unless the context so requires or admits mean and include its Partners for the time being, their heirs, legal representatives, executors and permitted assigns) of the OTHER PART;
WHEREAS XYZ Limited is engaged interalia in the business of marketing children products, such as, toys, garments, furniture, utilities and such other goods and are the owners of the trade name and trade mark ''XYZ'';
WHEREAS XYZ Limited is desirous of promoting children products under its trade name and trade mark by setting up chain or retail outlets all over the country on its own a also by appointing stockiest, retailers and franchises for the purpose of setting up of retail outlets;
WHEREAS the Agent has offered to set up one such Retail Outlet in the City of..... and has represented to XYZ Limited that it is in a position of invest necessary capital and is also possessed of a suitable premises to set up and carry on the Retail Outlet and XYZ Limited has accepted the said offer;
NOW THIS AGREEMENT WITNESSETH AS FOLLOWS
That in consideration of the foregoing, the Company hereby appoint M/s......... as its Agent in the City of......... upon the following terms and conditions:
The retail outlet for marketing children''s products such as toys, garments, utilities, furniture and such other goods under the name and style of ''XYZ'' shall be set up and run in the Premises made available by the Agent, which premises is more fully described in the Schedule Premises''. The premises will be made available free of cost or charges to XYZ Limited by the Agent during the subsistence of this Agreement.
The Agent will meet and...
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