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Franchise Sale Agreement
"I need a Franchise Sale Agreement for selling my established coffee shop chain franchise to a new franchisee in Manchester, with territory rights for Greater Manchester and specific provisions for maintaining our premium brand standards and unique roasting process."
1. Parties: Details of the franchisor and franchisee, including registered addresses and company numbers
2. Background: Context of the franchise sale, including brief description of the business and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including 'Franchise', 'Territory', 'Know-how', 'Intellectual Property Rights'
4. Grant of Franchise: Terms of the franchise grant, including territory rights and exclusivity provisions
5. Franchise Fees: Initial fees, ongoing royalties, and payment terms
6. Intellectual Property Rights: Usage rights and restrictions regarding trademarks, patents, and other IP
7. Obligations of the Franchisor: Training, support, and ongoing assistance commitments
8. Obligations of the Franchisee: Operational standards, compliance requirements, and performance targets
9. Term and Termination: Duration of agreement and circumstances for termination
10. Post-Termination Obligations: Requirements after agreement ends, including non-compete provisions
1. Property Provisions: Required if premises are part of the franchise package - use when the franchise includes specific premises or property requirements
2. Equipment Supply: Terms for supply and maintenance of equipment - use when specific equipment is required for franchise operations
3. Staff Transfer: TUPE provisions and employment terms - use when existing staff will transfer to the franchisee
4. International Operations: Cross-border operational requirements - use for franchises operating in multiple jurisdictions
1. Operations Manual: Detailed operational procedures and standards
2. Territory Map: Detailed description or map of the franchise territory
3. Initial Fee Structure: Breakdown of all initial fees and payment terms
4. Intellectual Property Schedule: List of all relevant trademarks, patents, and other IP
5. Training Program: Details of initial and ongoing training requirements
6. Equipment Specifications: Required equipment and approved suppliers
7. Performance Targets: Specific KPIs and minimum performance requirements
8. Form of Guarantee: Standard form of personal guarantee if required
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