[{"data":1,"prerenderedAt":475},["ShallowReactive",2],{"document-checklist-basic-franchise-agreement-terms-D109":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":175,"customdescription":6,"mdFm":176,"mdProseHtml":474},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"CHECKLIST Basic Franchise Agreement Terms One of the most popular way to start your own company is through a franchise; a business organization in which a well-known firm with a successful product or service - the franchisor - enters into a contractual relationship with another business - the franchisee - that operates under the franchisor's name in exchange for a fee. Franchise agreements vary from franchise to franchise so it would be impossible to identify every term and issue that should be considered in all situations. The checklist should be used in conjunction with the franchise agreement - the document that will set out all the terms and conditions that will govern your ownership of the franchise - which will be drafted by the franchisor. In any event, you shouldn't sign it until you've discussed your options with your attorney. Issues relating to the franchise cost terms What is the initial franchise fee? Is any part or the entire initial fee refundable? Does it include an ''opening'' inventory of products and supplies? What are the payment terms: amount, time of payment, lump sum or installment, financing arrangements, etc.? Does the franchisor offer any financing, or offer help in finding financing? Are there any deferred balances? If so, who finances and at what interest rate? Does the contract clearly distinguish between ``total cost'' and ``initial fee,'' ``initial cash required,'' or ``initial costs,'' etc.? Are there periodic royalties? If so, how much are they and how are they determined? How and when are sales and royalties reported, and how are royalties paid? If royalty payments are in whole or part payment for services by the franchisor, what services will be provided? Are accounting/bookkeeping services included or available? How are advertising and promotion costs divided? Is a specified amount of working capital required of the franchisee to cover operating costs until profits can be made? Must premises be purchased or rented, and are there further conditions on either of these (from franchisor, selected site, etc.)? How and by whom will the building be financed, if purchased? Does the franchisee have to make a down payment for construction and/or equipment? Issues relating to the franchise location terms Does the franchise apply to a specific geographical area? If so, are the boundaries clearly defined? Who has the right to select the site? Will other franchisees be permitted to compete in the same area, now or later? Is the territory an exclusive one, and is it permanent or subject to reduction or modification under certain conditions? Does the franchisee have a first refusal option as to any additional franchises in the original territory if it is not exclusive? Does the franchisee have a contractual right to the franchisor's latest products or innovations? If so, at what cost? Will the franchisee have the right to use his own property and/or buildings? If not, will the franchisor sell or lease his property to the franchisee? Who is responsible for obtaining zoning variances, if required? Issues relating to the buildings, equipment and supplies terms Are plans and specifications of the building determined by the franchisor? If so, does this control extend to selection of contractor and supervision of construction? Are there any restrictions on remodeling or redecorating? Must equipment or supplies be purchased from the franchisor or approved supplier, or is the franchisee free to make his own purchases? When the franchisee must buy from the franchisor, are sales considered on consignment? Or will they be financed and, if so, under what terms? Does the agreement provide for continuing supply and payment of inventory (by whom, under what terms, etc.)? Does the franchise agreement bind the franchisee to a minimum purchase quota? What controls are spelled out concerning facility appearance, equipment, fixture and furnishings, and maintenance or replacement of the same? Is there any limitation on expenditures involved in any of these?",null,"Checklist Basic Franchise Agreement Terms","4",46,"doc","https://templates.business-in-a-box.com/imgs/1000px/checklist_basic-franchise-agreement-terms-D109.png","https://templates.business-in-a-box.com/imgs/250px/109.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#109.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Business Plan Kit","/templates/business-plan-kit/",{"label":20,"url":21},"Starting a Business","/templates/starting-a-business/","checklist basic franchise agreement terms","Checklist Basic Franchise Agreement Terms Template","https://templates.business-in-a-box.com/imgs/400px/109.png","https://templates.business-in-a-box.com/imgs/600px/109.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Distribution & Channel","/templates/distribution-and-channel/",[39,43,47,51,55,59,63,67,71,75,79,83,87,104,117,132,150,162],{"label":40,"url":41,"thumb":42,"extension":10},"Checklist Contract Terms and Provisions","/template/checklist-contract-terms-and-provisions-D863","https://templates.business-in-a-box.com/imgs/250px/863.png",{"label":44,"url":45,"thumb":46,"extension":10},"Franchise Agreement","/template/franchise-agreement-D879","https://templates.business-in-a-box.com/imgs/250px/879.png",{"label":48,"url":49,"thumb":50,"extension":10},"Contract Terms Checklist","/template/contract-terms-checklist-D13260","https://templates.business-in-a-box.com/imgs/250px/13260.png",{"label":52,"url":53,"thumb":54,"extension":10},"Master Franchise Agreement","/template/master-franchise-agreement-D892","https://templates.business-in-a-box.com/imgs/250px/892.png",{"label":56,"url":57,"thumb":58,"extension":10},"Terms of Service Agreement","/template/terms-of-service-agreement-D920","https://templates.business-in-a-box.com/imgs/250px/920.png",{"label":60,"url":61,"thumb":62,"extension":10},"Website Service Agreement Terms of Use","/template/website-service-agreement-terms-of-use-D840","https://templates.business-in-a-box.com/imgs/250px/840.png",{"label":64,"url":65,"thumb":66,"extension":10},"Website Terms and Conditions","/template/website-terms-and-conditions-D13193","https://templates.business-in-a-box.com/imgs/250px/13193.png",{"label":68,"url":69,"thumb":70,"extension":10},"Franchise Application","/template/franchise-application-D880","https://templates.business-in-a-box.com/imgs/250px/880.png",{"label":72,"url":73,"thumb":74,"extension":10},"Checklist Partnership Agreement","/template/checklist-partnership-agreement-D1233","https://templates.business-in-a-box.com/imgs/250px/1233.png",{"label":76,"url":77,"thumb":78,"extension":10},"Terms And Conditions","/template/terms-and-conditions-D12667","https://templates.business-in-a-box.com/imgs/250px/12667.png",{"label":80,"url":81,"thumb":82,"extension":10},"Agreement to Extend Debt Payment Terms","/template/agreement-to-extend-debt-payment-terms-D386","https://templates.business-in-a-box.com/imgs/250px/386.png",{"label":84,"url":85,"thumb":86,"extension":10},"Checklist Pre-Incorporation Agreement","/template/checklist-pre-incorporation-agreement-D1006","https://templates.business-in-a-box.com/imgs/250px/1006.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":91,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":97,"keywords":96,"url":103},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":96,"description":6},"non disclosure agreement nda",[98,100],{"label":33,"url":99},"business-legal-agreements",{"label":101,"url":102},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":105,"descriptionCustom":6,"label":106,"pages":90,"size":91,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":112,"keywords":115,"url":116},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":111,"description":6},"letter of intent_acquisition of business",[113,114],{"label":33,"url":99},{"label":33,"url":99},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":118,"descriptionCustom":6,"label":119,"pages":120,"size":121,"extension":10,"preview":122,"thumb":123,"svgFrame":124,"seoMetadata":125,"parents":126,"keywords":130,"url":131},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[127],{"label":128,"url":129},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":133,"descriptionCustom":6,"label":134,"pages":135,"size":136,"extension":10,"preview":137,"thumb":138,"svgFrame":139,"seoMetadata":140,"parents":141,"keywords":148,"url":149},"COMPANY NAME:_______________________ Address: _______________________________________ City: ______________________________ State/Province: ___________ Zip/postal code__________ Country: ________________ Phone: _________________ Fax: __________________ Email: _________________________________________ Purchase Order The following number must appear on all related correspondence, shipping papers, and invoices: P.O. 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WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":157,"description":6},"service agreement",[159,160],{"label":33,"url":99},{"label":33,"url":99},"/template/service-agreement-D12711",{"description":163,"descriptionCustom":6,"label":164,"pages":135,"size":91,"extension":10,"preview":165,"thumb":166,"svgFrame":167,"seoMetadata":168,"parents":170,"keywords":169,"url":174},"","Business Plan Canvas (One Page)","https://templates.business-in-a-box.com/imgs/1000px/business-plan-canvas-(one-page)-D12527.png","https://templates.business-in-a-box.com/imgs/250px/12527.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12527.xml",{"title":169,"description":6},"business plan canvas (one page)",[171,173],{"label":17,"url":172},"business-plan-kit",{"label":17,"url":172},"/template/business-plan-canvas-(one-page)-D12527",false,{"seo":177,"reviewer":189,"legal_disclaimer":175,"quick_facts":193,"at_a_glance":195,"personas":199,"variants":224,"glossary":250,"fields":281,"how_to_fill":327,"common_mistakes":358,"faqs":375,"industries":400,"comparisons":417,"diy_vs_pro":433,"educational_modules":446,"related_template_ids_curated":449,"schema":461,"classification":463},{"meta_title":178,"meta_description":179,"primary_keyword":180,"secondary_keywords":181},"Checklist Basic Franchise Agreement Terms Template (Free Word)","Free franchise agreement terms checklist template. Review key clauses before signing — fees, territory, training, and renewal. Used in 190+ countries. Free Word and PDF download.","franchise agreement terms checklist",[182,183,184,185,186,187,188],"franchise agreement checklist template","franchise agreement review checklist","basic franchise agreement terms","franchise checklist template word","franchise agreement key terms","franchise contract checklist","franchise due diligence checklist",{"name":190,"credential":191,"reviewed_date":192},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":194,"legal_review_recommended":175,"signature_required":175},"easy",{"what_it_is":196,"when_you_need_it":197,"whats_inside":198},"A Checklist Basic Franchise Agreement Terms is a structured review form that walks a prospective franchisee or franchisor through every material provision of a franchise agreement before signing. This free Word download lets you tick off each key term — fees, territory, training, renewal, and termination — so nothing is overlooked during due diligence.\n","Use it when evaluating a franchise disclosure document (FDD) or draft agreement, before entering negotiations, or as a pre-signing audit to confirm all critical terms are documented and understood.\n","The checklist covers franchise fee and royalty structures, territory rights, training and support obligations, renewal and transfer conditions, termination triggers, and post-term restrictions — organized as a line-by-line review form with a status column and notes field for each item.\n",[200,204,208,212,216,220],{"title":201,"use_case":202,"icon_asset_id":203},"Prospective franchisees","Reviewing an FDD and draft agreement before committing capital","persona-franchise-applicant",{"title":205,"use_case":206,"icon_asset_id":207},"Franchise attorneys","Conducting a structured client review of all material agreement terms","persona-lawyer",{"title":209,"use_case":210,"icon_asset_id":211},"Franchise consultants","Walking clients through due diligence on multiple franchise opportunities","persona-consultant",{"title":213,"use_case":214,"icon_asset_id":215},"Small business owners","Evaluating a franchise purchase as a first-time buyer without legal staff","persona-small-business-owner",{"title":217,"use_case":218,"icon_asset_id":219},"Franchisors","Verifying that executed agreements include all required standard terms","persona-ceo",{"title":221,"use_case":222,"icon_asset_id":223},"Private equity and acquisition teams","Auditing franchise agreements during due diligence on a multi-unit acquisition","persona-investor",[225,228,231,235,239,242,246],{"situation":226,"recommended_template":7,"slug":227},"Full pre-signing due diligence on a new franchise opportunity","checklist-basic-franchise-agreement-terms-D109",{"situation":229,"recommended_template":44,"slug":230},"Drafting the underlying franchise agreement from scratch","franchise-agreement-D879",{"situation":232,"recommended_template":233,"slug":234},"Reviewing disclosure obligations under FTC Franchise Rule","Franchise Disclosure Document (FDD) Checklist","franchise-disclosure-document-D13177",{"situation":236,"recommended_template":237,"slug":238},"Adding a new unit or territory for an existing franchisee","Franchise Amendment Agreement","amendment-agreement-D13872",{"situation":240,"recommended_template":241,"slug":230},"Transferring a franchise to a new owner","Franchise Transfer Agreement",{"situation":243,"recommended_template":244,"slug":245},"Evaluating the operations manual obligations referenced in the agreement","Operations Manual Outline","operations-manual-D13453",{"situation":247,"recommended_template":248,"slug":249},"Recording a territorial exclusivity grant with supporting map","Territory Addendum","contract-addendum-D13172",[251,254,257,260,263,266,269,272,275,278],{"term":252,"definition":253},"Franchise Disclosure Document (FDD)","A federally mandated disclosure document a franchisor must provide to prospective franchisees at least 14 calendar days before signing any agreement or accepting money.",{"term":255,"definition":256},"Initial Franchise Fee","A one-time upfront payment made to the franchisor in exchange for the right to operate under the franchise system.",{"term":258,"definition":259},"Royalty Fee","An ongoing periodic payment — typically a percentage of gross sales — paid by the franchisee to the franchisor for continued use of the brand and system.",{"term":261,"definition":262},"Exclusive Territory","A defined geographic area within which the franchisor agrees not to grant another franchisee or operate a competing unit.",{"term":264,"definition":265},"Area Development Agreement","A contract granting a franchisee the right to open multiple units within a territory according to a development schedule.",{"term":267,"definition":268},"Transfer Fee","A charge paid to the franchisor when a franchisee sells or assigns its franchise to a third party.",{"term":270,"definition":271},"Post-Term Non-Compete","A clause restricting a former franchisee from operating a competing business within a defined area for a set period after the franchise ends.",{"term":273,"definition":274},"System Standards","The franchisor's documented operational requirements — covering products, services, signage, uniforms, and procedures — that franchisees must follow.",{"term":276,"definition":277},"Renewal Term","The additional period of franchise operation a franchisee may elect after the initial term expires, typically subject to meeting performance and fee conditions.",{"term":279,"definition":280},"Encroachment","The placement by a franchisor of a new unit, alternative channel, or competing outlet that draws customers away from an existing franchisee's territory.",[282,287,292,297,302,307,312,317,322],{"name":283,"plain_english":284,"sample_language":285,"common_mistake":286},"Franchise fee and royalty structure","Records the initial franchise fee amount, the ongoing royalty rate, the calculation base (typically gross sales), and the payment frequency.","Initial fee: $[AMOUNT] | Royalty: [X]% of gross weekly sales | Due: every [FRIDAY / MONTH-END] | Marketing fund contribution: [X]%","Noting only the royalty percentage without recording the definition of 'gross sales' — different definitions can shift effective royalty cost by 2–4 percentage points.",{"name":288,"plain_english":289,"sample_language":290,"common_mistake":291},"Territory rights and exclusivity","Identifies the geographic boundaries granted to the franchisee, whether exclusivity applies, and any carve-outs for alternative channels or existing units.","Exclusive territory: [COUNTY / ZIP CODES / RADIUS] | Carve-outs: [AIRPORTS / ONLINE SALES / NONE] | Map attached: [YES / NO]","Accepting a territory description by address or landmark instead of a map exhibit — boundaries become disputed when a competing unit opens nearby.",{"name":293,"plain_english":294,"sample_language":295,"common_mistake":296},"Term and renewal conditions","States the initial agreement term in years, the number of renewal options available, the conditions for exercising renewal, and any updated fee requirements at renewal.","Initial term: [X] years | Renewal options: [X] × [X] years | Conditions: current on fees, no uncured defaults, signed updated agreement | Renewal fee: $[AMOUNT]","Overlooking the requirement to sign a then-current franchise agreement at renewal — the new agreement may contain materially different terms than the original.",{"name":298,"plain_english":299,"sample_language":300,"common_mistake":301},"Training and support obligations","Documents what initial and ongoing training the franchisor must provide, who bears training costs, and the consequences of not completing required training.","Initial training: [X] days at [LOCATION] | Cost borne by: [FRANCHISEE / FRANCHISOR] | Ongoing: [X] hours/year online | Failure to complete: [CURE PERIOD / DEFAULT]","Not recording whether travel and accommodation costs for training are included — these can add $3,000–$8,000 per attendee above the stated fee.",{"name":303,"plain_english":304,"sample_language":305,"common_mistake":306},"Operations and system standards compliance","Lists the franchisee's obligation to follow the operations manual, the franchisor's right to inspect and audit, and the frequency of inspections.","Manual: incorporated by reference, subject to update | Inspections: up to [X] per year, announced or unannounced | Audit rights: [X] years of financial records","Treating the operations manual as a static document — most agreements allow the franchisor to update it unilaterally, which can impose new costs without renegotiation.",{"name":308,"plain_english":309,"sample_language":310,"common_mistake":311},"Termination triggers and cure periods","Lists the events that allow the franchisor to terminate immediately (no-cure defaults) versus those that trigger a cure period before termination.","Immediate termination: [abandonment / criminal conviction / insolvency] | Curable defaults: [X]-day cure period for [payment failures / standards violations]","Assuming all defaults are curable — missing fees or health violations may be non-curable in the agreement, resulting in termination with no opportunity to remedy.",{"name":313,"plain_english":314,"sample_language":315,"common_mistake":316},"Transfer and assignment rights","Covers the franchisee's right to sell or assign the franchise, the franchisor's approval requirements, right of first refusal, and the applicable transfer fee.","Transfer fee: $[AMOUNT] or [X]% of sale price | Franchisor approval: required within [X] days | Right of first refusal: [YES / NO] | Transferee training: required","Not verifying whether the franchisor holds a right of first refusal — this can complicate or delay a sale by months and reduce negotiating leverage with third-party buyers.",{"name":318,"plain_english":319,"sample_language":320,"common_mistake":321},"Post-term non-compete and non-solicitation","Records the duration and geographic scope of post-termination restrictions on operating a competing business or soliciting employees and customers.","Non-compete: [X] months within [X]-mile radius of franchised location | Non-solicit of employees: [X] months | Non-solicit of customers: [YES / NO]","Accepting a non-compete defined by 'similar business' without a precise definition — overly broad language has been used to prevent franchisees from entering entirely different sectors.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Marketing fund contributions and obligations","Specifies the franchisee's required contribution to the national or regional marketing fund, how funds are governed, and whether the franchisee can audit fund spending.","Marketing fund: [X]% of gross sales | Local spend minimum: $[AMOUNT]/month | Fund governance: [franchisor-controlled / franchisee advisory council] | Audit rights: [YES / NO]","Not confirming audit rights over the marketing fund — without them, the franchisee has no visibility into whether contributions are spent on legitimate marketing activities.",[328,333,338,343,348,353],{"step":329,"title":330,"description":331,"tip":332},1,"Obtain the FDD and draft franchise agreement","Request the current FDD at least 14 days before signing. Locate the draft franchise agreement, which is typically Item 22 of the FDD. Use both documents side-by-side when completing the checklist.","Download the FDD receipt page and record the exact date you received it — the 14-day waiting period is a federal requirement under the FTC Franchise Rule.",{"step":334,"title":335,"description":336,"tip":337},2,"Enter the fee and royalty details","Record the initial franchise fee, ongoing royalty rate, marketing fund contribution, and any technology or software fees in the corresponding checklist fields.","Add all recurring percentage fees together — royalty plus marketing fund plus technology fee — to calculate the true total percentage of gross sales leaving the business each period.",{"step":339,"title":340,"description":341,"tip":342},3,"Confirm and map the territory","Identify the territorial boundaries in the agreement and confirm whether exclusivity is granted. Note any carve-outs such as online sales, airports, or existing units. Attach any referenced map as an exhibit.","If no map exhibit exists, request one before signing — a written description alone is rarely sufficient to resolve future boundary disputes.",{"step":344,"title":345,"description":346,"tip":347},4,"Record term, renewal, and transfer conditions","Enter the initial term length, the number and length of renewal options, all conditions required to renew, and the transfer fee and approval process for a future sale.","Check whether renewal requires signing the then-current franchise agreement — this is one of the highest-impact terms to understand before committing to a long-term investment.",{"step":349,"title":350,"description":351,"tip":352},5,"Document training, support, and compliance obligations","List the initial training program details, who bears the cost, and the ongoing support or training the franchisor is contractually required to provide. Note inspection frequency and audit rights.","Compare the training described in Item 11 of the FDD against what is actually written into the agreement — the agreement controls if there is a conflict.",{"step":354,"title":355,"description":356,"tip":357},6,"Review termination and post-term restrictions","Identify every non-curable default trigger and every curable default with its cure period. Record the duration and geographic scope of any post-term non-compete and non-solicitation clauses.","Flag non-curable defaults for discussion with a franchise attorney before signing — these are the terms most likely to result in loss of the entire investment without recourse.",[359,363,367,371],{"mistake":360,"why_it_matters":361,"fix":362},"Skipping the FDD and reviewing only the agreement","The FDD contains audited financials, litigation history, franchisee contact lists, and Item 19 earnings claims that materially change how agreement terms should be evaluated.","Complete the checklist with both the FDD and the draft agreement open. Cross-reference Items 5, 6, 7, 11, and 12 against the corresponding agreement clauses.",{"mistake":364,"why_it_matters":365,"fix":366},"Recording royalty rate without defining the gross sales base","A 6% royalty on a broad gross sales definition (including catering, delivery, and online orders) can cost 30% more than the same rate on a narrow in-store-only definition.","Locate and record the exact definition of 'gross sales' or 'net sales' from the agreement and note any exclusions in the checklist notes field.",{"mistake":368,"why_it_matters":369,"fix":370},"Accepting territory descriptions without a map exhibit","Boundaries defined by neighborhood names, street intersections, or county lines without a map are routinely disputed when a second unit opens nearby.","Request a signed map exhibit before signing. If the franchisor refuses, note the refusal in the checklist and escalate before execution.",{"mistake":372,"why_it_matters":373,"fix":374},"Not checking renewal terms against current franchise agreement requirements","If renewal requires signing the then-current franchise agreement, the franchisee may inherit materially higher fees, shorter terms, or new restrictions at renewal — decades after the original signing.","Record this condition explicitly in the renewal row and request a copy of the current standard franchise agreement to compare against the one being signed today.",[376,379,382,385,388,391,394,397],{"question":377,"answer":378},"What is a franchise agreement terms checklist?","A franchise agreement terms checklist is a structured review form that lists every material clause in a franchise agreement — fees, territory, training, renewal, termination, and post-term restrictions — and gives the reviewer a place to record the specific terms, confirm they are present, and flag items for follow-up. It is used during due diligence before signing a franchise agreement to ensure nothing is overlooked.\n",{"question":380,"answer":381},"When should I use a franchise agreement checklist?","Use it as soon as you receive a draft franchise agreement or FDD, before entering any negotiations, and again as a final pre-signing audit. The FTC Franchise Rule requires a 14-day waiting period between receiving the FDD and signing — that window is the ideal time to complete a thorough checklist review.\n",{"question":383,"answer":384},"Does completing this checklist replace a franchise attorney review?","No. The checklist organizes your review and surfaces questions, but it does not replace legal advice on enforceability, jurisdiction-specific risks, or negotiation strategy. For any franchise investment, a one- to two-hour review with a franchise attorney typically costs $500–$1,500 and is worthwhile given the capital commitment involved.\n",{"question":386,"answer":387},"What is the difference between a franchise agreement and a franchise disclosure document?","The franchise disclosure document (FDD) is a federally mandated disclosure package the franchisor provides before signing — it contains 23 items including audited financials, litigation history, fees, and territory information. The franchise agreement is the binding contract that governs the actual relationship. The FDD discloses; the agreement binds. Always review both together.\n",{"question":389,"answer":390},"What franchise terms are most commonly missed during review?","The four most frequently overlooked terms are: the definition of gross sales used to calculate royalties, the requirement to sign a then-current agreement at renewal, non-curable default triggers that allow immediate termination, and post-term non-compete scope. Each of these can have major financial consequences that are not apparent from the headline fee numbers alone.\n",{"question":392,"answer":393},"Can a franchise agreement be negotiated?","Some terms — territory boundaries, personal guarantee scope, development schedule milestones, and transfer fees — are frequently negotiable, particularly for multi-unit operators or experienced franchisees. Core brand standards, royalty rates, and marketing fund contributions are rarely negotiable. A checklist helps identify which terms are material enough to raise in negotiation.\n",{"question":395,"answer":396},"How long does it take to complete this checklist?","A thorough review of a standard franchise agreement using this checklist takes 2–4 hours for a first-time buyer working from the FDD and draft agreement. Experienced franchise attorneys or consultants familiar with the specific system can complete it in under an hour. Budget extra time for franchise agreements longer than 40 pages or those covering multiple unit formats.\n",{"question":398,"answer":399},"What is an exclusive territory and how does the checklist capture it?","An exclusive territory is a defined geographic area within which the franchisor agrees not to grant another franchisee or operate a competing unit. The checklist records the boundary description, any carve-outs such as online channels or existing units, whether a map exhibit is attached, and any encroachment provisions that define what counts as a competing outlet.\n",[401,405,409,413],{"industry":402,"icon_asset_id":403,"specifics":404},"Food and Beverage","industry-food-beverage","High-volume franchise systems with complex royalty structures, marketing co-ops, and required supplier purchase programs that must each be captured in the checklist.",{"industry":406,"icon_asset_id":407,"specifics":408},"Retail","industry-retail","Territory exclusivity is critical in retail franchising given proximity sensitivity; the checklist captures radius restrictions, mall vs. street format distinctions, and e-commerce carve-outs.",{"industry":410,"icon_asset_id":411,"specifics":412},"Professional Services","industry-professional-services","Service-based franchises often have performance quotas and client non-solicitation obligations that are easy to miss without a structured review form.",{"industry":414,"icon_asset_id":415,"specifics":416},"Healthcare and Wellness","industry-healthtech","Licensing and certification prerequisites are often embedded as conditions of the franchise agreement — the checklist surfaces these as non-negotiable pre-opening obligations.",[418,421,425,429],{"vs":44,"vs_template_id":419,"summary":420},"D{FRANCHISE_AGREEMENT_ID}","A franchise agreement is the binding contract that governs the franchisee-franchisor relationship. This checklist is a review and due-diligence tool used before signing that agreement. Use the checklist to audit the agreement; use the agreement itself to establish legal obligations.",{"vs":422,"vs_template_id":423,"summary":424},"Franchise Disclosure Document Checklist","D{FDD_CHECKLIST_ID}","An FDD checklist reviews the 23 mandatory disclosure items in the franchise disclosure document. This checklist focuses on the franchise agreement's binding legal terms. Both should be used together during due diligence — the FDD provides context; the agreement creates obligations.",{"vs":426,"vs_template_id":427,"summary":428},"Due Diligence Checklist","D{DUE_DILIGENCE_CHECKLIST_ID}","A general due diligence checklist covers financial, legal, and operational factors across any business acquisition. This checklist is specific to franchise agreement terms and maps directly to clauses in the contract. Use the franchise-specific version when the acquisition involves a franchise system.",{"vs":430,"vs_template_id":431,"summary":432},"Letter of Intent (Franchise)","D{LOI_FRANCHISE_ID}","A letter of intent records preliminary agreed terms before the franchise agreement is drafted. This checklist is used after the draft agreement is received to verify that the LOI terms made it into the final document and that no unfavorable clauses were added.",{"use_template":434,"template_plus_review":438,"custom_drafted":442},{"best_for":435,"cost":436,"time":437},"Prospective franchisees conducting an initial self-review of a standard franchise agreement","Free","2–4 hours",{"best_for":439,"cost":440,"time":441},"First-time franchise buyers or anyone investing more than $50K in franchise fees","$500–$1,500 (franchise attorney review)","3–5 days",{"best_for":443,"cost":444,"time":445},"Multi-unit developers, private equity buyers, or franchisors auditing their own agreement portfolio","$2,000–$5,000 (franchise counsel engagement)","1–2 weeks",[447,448],"franchise-agreement-key-terms-explained","fdd-review-basics",[227,450,451,452,453,454,455,456,457,458,459,460],"non-disclosure-agreement-nda-D12692","letter-of-intent_acquisition-of-business-D5197","independent-contractor-agreement-D160","purchase-order-D1411","service-agreement-D12711","business-plan-canvas-(one-page)-D12527","checklist-customer-due-diligence-D13916","joint-venture-agreement-D889","confidentiality-agreement-D950","llc-operating-agreement-D5209","adhesion-to-the-unanimous-shareholder-agreement-D848",{"emit_how_to":462,"emit_defined_term":462},true,{"primary_folder":99,"secondary_folder":464,"document_type":465,"industry":466,"business_stage":467,"tags":468,"confidence":473},"distribution-and-channel","checklist","general","all-stages",[465,469,470,471,472],"franchise-agreement","due-diligence","legal-review","contract-terms",0.85,"\u003Ch2>What is a Checklist Basic Franchise Agreement Terms?\u003C/h2>\n\u003Cp>A \u003Cstrong>Checklist Basic Franchise Agreement Terms\u003C/strong> is a structured review form that walks a prospective franchisee, franchise attorney, or consultant through every material clause of a franchise agreement before it is signed. It organizes key provisions — initial fees, royalty structure, territory rights, training obligations, renewal conditions, termination triggers, and post-term restrictions — into a line-by-line format with a status column and notes field so each term can be confirmed, questioned, or flagged for negotiation. Rather than reading a 40-page agreement linearly and hoping nothing is missed, users work through a defined sequence of high-stakes items that determine the financial and operational reality of the franchise relationship.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Signing a franchise agreement without a structured review is one of the most expensive due-diligence shortcuts a business buyer can make. A royalty rate that looks modest at 6% can cost significantly more when the definition of gross sales includes catering revenue, delivery fees, and gift card redemptions. A territory that appears exclusive may contain carve-outs for online sales or existing units that effectively undercut it. Renewal options that seem straightforward may require signing a then-current franchise agreement with materially higher fees decades after the original signing. None of these risks appear in the headline numbers — they are buried in definitions, exhibits, and cross-references that a checklist surfaces before they become binding obligations. This template gives franchisees, attorneys, and consultants a consistent, repeatable process for confirming that every critical term is present, understood, and acceptable before any money or signature is committed.\u003C/p>\n",1781185912921]