Main Points Of The Agreement
These are the basic features of how the franchise works:
- The franchisee is given a specific exclusive territory – defined by maps.
- The franchisee is given a defined term.
- The franchisee receives machines from the outgoing franchisee.
- The franchisee must then operate the business according to this manual and training given.
- The franchisee must purchase all stock, machines, and spare parts exclusively from the Franchisor.
- The franchisee must pay a franchise royalty to the franchisor of 5%.
- The franchisee must then take responsibility for keeping machines on locations and finding new locations.
As franchisor, we must:
- Ensure we keep supplies of supported machine parts, machines, and attractive and commercially competitive prize stock on hand for franchisees to order.
- Provide technical support to help franchises keep their supported machines working.
- Provide general and ongoing business support to assist the franchisee to succeed.
- Ensure that other franchisees do not operate in your area.
