Master Franchise-overeenkomst

Master Franchise Agreement Between and Date: ( ) Telephone: Facsimile: Email: Website: Contents 1 Definitions 1 2 PRIMARY ACKNOWLEDGMENTS 4 3 COVENANTS 4 4 GRANT OF MASTER FRANCHISE 5 5 CONDITIONS PRECEDENT 5 6 TERM TERMINATION 6 7 DUTIES OF THE FRANCHISOR 8 8 DUTIES OF THE MASTER FRANCHISEE 8 9 RECRUITMENT AND MANAGEMENT OF FRANCHISEES 9 10 AUTHORITY TO GRANT FRANCHISES 10 11 MEETINGS 11 12 REPORTING 11 13 FRANCHISE FEES 13 14 SUPPLY OF STOCK 13 15 PRODUCT WARRANTIES 14 16 DUTIES OF THE MASTER FRANCHISEE 15 17 ADVERTISING, MARKETING PROMOTION 16 18 DEFAULT 17 19 INSURANCE INDEMNITY 18 20 FINANCIAL REPORTING 19 21 INSPECTION AND AUDIT OF FINANCIAL RECORDS 19 22 CONFIDENTIALITY NON-DISCLOSURE 20 23 OPERATIONS MANUAL 20 24 ASSIGNMENT 20 25 TERMINATION 21 26 EFFECT OF TERMINATION 23 27 NON-COMPETE 23 28 FRANCHISING CODE OF CONDUCT 24 29 RELATIONSHIP OF PARTIES 25 30 ENTIRE AGREEMENT 25 31 GOVERNING LAW 25 32 FORCE MAJEURE 25 33 INTERPRETATION 25 34 DISPUTE RESOLUTION 26 35 SERVICE OF NOTICES 27 36 WAIVER 27 37 SEVERABILITY 28 38 COST AND (STAMP) DUTY 28 39 FURTHER ASSURANCE 28 40 INJUNCTION INTERLOCUTARY RELIEF 28 41 WARRANTIES AND RESPRESENTATIONS OF MASTER FRANCHISEE 28 42 DIRECTORS GUARANTEE 29 SCHEDULE 30 By this Agreement dated between: (the franchisor) and (the master franchisee) Recitals A.. However, the master franchisee may with the consent of the franchisor transfer or assign this agreement and the franchisor will not withhold its consent provided: the transfer or assignment is part of a bona fide sale of the master franchised business to a purchaser the proposed assignee or transferee is a responsible and solvent person with sufficient financial and business capacity to successfully operate the master franchised business the proposed new master franchisee first obtains all licences and permits required to operate the master franchised business and undertakes at the cost of the master franchisee all training programs required by the franchisor of new maste