[{"data":1,"prerenderedAt":475},["ShallowReactive",2],{"document-franchise-application-D880":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"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":20},"FRANCHISE APPLICATION This Franchise Application Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Franchisor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Applicant\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS Applicant recognizes the value of the Franchisor's reputation, know-how and unique experience with respect to the operation of [BRIEFLY DESCRIBE INDUSTRY AND BUSINESS]; WHEREAS Applicant wishes to apply to obtain a franchise to operate a [YOUR COMPANY NAME] at civic address [FULL ADDRESS], Province of [STATE/PROVINCE] (the \"Franchise\"). NOW THEREFORE THE PARTIES HERETO WITNESSETH THAT: 1. The Applicants hereby make application to enter into a Franchise Agreement with the Franchisor upon substantially the same terms and conditions as are set forth below and such other terms and conditions as are generally contained in the Franchisor's standard form of Franchise Agreement, a copy of which is annexed hereto as Schedule 1 (the \"Franchise Agreement\"), subject to such reasonable modifications as may mutually be agreed upon by the parties. 2. The Applicants shall form a corporation (hereinafter \"[COMPANY NAME]\") to enter into the Franchise Agreement with the Franchisor, and to administer the Franchise and otherwise execute the obligations of the Franchisee under the Franchise Agreement. 3. The Franchisor shall grant [COMPANY NAME] the right to use the Franchisor's system, business format, method, procedures, standards and trademarks, including the trademark \"[COMPANY NAME]\", in connection with the operation of a [COMPANY NAME] at the above-mentioned premises. 4. [COMPANY NAME] shall pay an initial franchise fee in an amount to be agreed upon by the parties for the opportunity to operate the above-mentioned franchise upon execution of the Franchise Agreement. 5. In addition to the initial franchise fee, [COMPANY NAME] shall pay a continuing weekly royalty, throughout the original and any renewal term of the Franchise Agreement, based on gross sales of the Franchise, as defined in Article [NUMBER] of the Franchise Agreement. The royalty rate payable during the initial term of the Franchise Agreement is [%] of the total gross sales derived from the operation of the franchise. Royalties payable during any renewal term may be varied, at the discretion of the Franchisor, to reflect the then-current royalty fee being charged by the Franchisor. 6. In addition to the foregoing royalty fee, [COMPANY NAME] shall pay a continuing weekly marketing fee, throughout the original and any renewal term of the Franchise Agreement, based on gross sales of the Franchise, as defined in the Franchise Agreement. The marketing fee payable during the initial term of the Franchise Agreement is [%] of the weekly gross sales derived from the operation of the franchise. The marketing fee is subject to a variation in any renewal term at the discretion of the Franchisor on the same basis as the foregoing royalty fee. 7. In addition to the foregoing royalty and marketing fees, [COMPANY NAME] shall pay to the Franchisor a continuing weekly advertising contribution, which shall not exceed [%] of gross sales, as defined in the Franchise Agreement, for the use of any regional and national advertising funds which may be established by the Franchisor. The said advertising contribution is subject to a variation in any renewal term at the discretion of the Franchisor on the same basis as the foregoing royalty fee. 8. The Franchise Agreement shall have an initial term of [NUMBER] years, and if [COMPANY NAME] qualifies, may be renewed for an additional period of [NUMBER] years, subject to the terms and conditions of Article [NUMBER] of the Franchise Agreement. 9. [COMPANY NAME] shall execute a Sublease Agreement with the Franchisor upon substantially the same terms and conditions as are contained in the Franchisor's draft Sublease Agreement, a copy of which is annexed hereto as Schedule 2 (the \"Sublease Agreement), subject to such reasonable modifications as may hereinafter be mutually agreed upon between the parties. 10. [COMPANY NAME] and the Applicants shall enter into an agreement to purchase the assets of the Franchise, substantially upon the terms and conditions of the draft Asset Purchase Agreement annexed hereto as Schedule 3, at a price to be negotiated between the parties hereto (the \"Asset Purchase Agreement\"). 11. The total amount payable by [COMPANY NAME] and the Applicants hereunder in respect of the initial franchise fee and the purchase price of the assets referred to in the Asset Purchase Agreement shall be the sum of [AMOUNT] Dollars, allocated thereunder as provided therein. 12",null,"Franchise Application","6",50,"doc","https://templates.business-in-a-box.com/imgs/1000px/franchise-application-D880.png","https://templates.business-in-a-box.com/imgs/250px/880.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#880.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Legal Agreements","/templates/business-legal-agreements/",{"label":17,"url":18},"franchise application","Franchise Application Template","https://templates.business-in-a-box.com/imgs/400px/880.png","https://templates.business-in-a-box.com/imgs/600px/880.png",[25,16,19],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":17,"url":18},{"label":32,"url":33},"Distribution & Channel","/templates/distribution-and-channel/",[35,39,43,47,51,55,59,63,67,71,75,79,83,99,113,128,142,157],{"label":36,"url":37,"thumb":38,"extension":10},"Application Policy","/template/application-policy-D13439","https://templates.business-in-a-box.com/imgs/250px/13439.png",{"label":40,"url":41,"thumb":42,"extension":10},"Franchise Agreement","/template/franchise-agreement-D879","https://templates.business-in-a-box.com/imgs/250px/879.png",{"label":44,"url":45,"thumb":46,"extension":10},"Application Acknowledgment","/template/application-acknowledgment-D598","https://templates.business-in-a-box.com/imgs/250px/598.png",{"label":48,"url":49,"thumb":50,"extension":10},"Franchise Operations Manual","/template/franchise-operations-manual-D13695","https://templates.business-in-a-box.com/imgs/250px/13695.png",{"label":52,"url":53,"thumb":54,"extension":10},"Franchise Disclosure Document","/template/franchise-disclosure-document-D13177","https://templates.business-in-a-box.com/imgs/250px/13177.png",{"label":56,"url":57,"thumb":58,"extension":10},"Master Franchise Agreement","/template/master-franchise-agreement-D892","https://templates.business-in-a-box.com/imgs/250px/892.png",{"label":60,"url":61,"thumb":62,"extension":10},"Test Franchise Feasibility","/template/test-franchise-feasibility-D115","https://templates.business-in-a-box.com/imgs/250px/115.png",{"label":64,"url":65,"thumb":66,"extension":10},"Application for Zoning Variance","/template/application-for-zoning-variance-D1166","https://templates.business-in-a-box.com/imgs/250px/1166.png",{"label":68,"url":69,"thumb":70,"extension":10},"Approbation of Financing Application","/template/approbation-of-financing-application-D244","https://templates.business-in-a-box.com/imgs/250px/244.png",{"label":72,"url":73,"thumb":74,"extension":10},"Business Credit Application","/template/business-credit-application-D247","https://templates.business-in-a-box.com/imgs/250px/247.png",{"label":76,"url":77,"thumb":78,"extension":10},"Consumer Credit Application","/template/consumer-credit-application-D254","https://templates.business-in-a-box.com/imgs/250px/254.png",{"label":80,"url":81,"thumb":82,"extension":10},"Employment Application Form","/template/employment-application-form-D571","https://templates.business-in-a-box.com/imgs/250px/571.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":93,"keywords":97,"url":98},"[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","3",513,"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":92,"description":6},"letter of intent_acquisition of business",[94,96],{"label":17,"url":95},"business-legal-agreements",{"label":17,"url":95},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":100,"descriptionCustom":6,"label":101,"pages":86,"size":87,"extension":10,"preview":102,"thumb":103,"svgFrame":104,"seoMetadata":105,"parents":107,"keywords":106,"url":112},"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","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":106,"description":6},"non disclosure agreement nda",[108,109],{"label":17,"url":95},{"label":110,"url":111},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":114,"descriptionCustom":6,"label":115,"pages":116,"size":87,"extension":10,"preview":117,"thumb":118,"svgFrame":119,"seoMetadata":120,"parents":122,"keywords":121,"url":127},"","Business Plan Canvas (One Page)","1","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":121,"description":6},"business plan canvas (one page)",[123,126],{"label":124,"url":125},"Business Plan Kit","business-plan-kit",{"label":124,"url":125},"/template/business-plan-canvas-(one-page)-D12527",{"description":129,"descriptionCustom":6,"label":130,"pages":8,"size":131,"extension":10,"preview":132,"thumb":133,"svgFrame":134,"seoMetadata":135,"parents":136,"keywords":140,"url":141},"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",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},[137],{"label":138,"url":139},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":143,"descriptionCustom":6,"label":144,"pages":145,"size":87,"extension":10,"preview":146,"thumb":147,"svgFrame":148,"seoMetadata":149,"parents":151,"keywords":150,"url":156},"PARTNERSHIP AGREEMENT This Partnership Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"First Partner\"), 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: [SECOND PARTNER NAME] (the \"Second Partner\"), 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] RECITALS Partners desire to join together for the pursuit of common business goals. Partners have considered various forms of joint business enterprises for their business activities. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes. The parties hereto agree to form a limited partnership (the \"Partnership\") under [LAW, CODE OR ACT]. In consideration of the mutual promises contained in this agreement, partners agree as follows: NAME AND DOMICILE The name of the partnership shall be [name]. The principal place of business shall be at [address], [city], [state/province], unless relocated by consent of the partners. Purposes Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing. DURATION OF AGREEMENT The term of this agreement shall be for [number] years, commencing on [date], and terminating on [date], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement. CLASSIFICATION AND PERFORMANCE BY PARTNERS Partners shall be classified as active partners, advisory partners, or estate partners. An active partner may voluntarily become an advisory partner, may be required to become one irrespective of age, and shall automatically become one after attaining the age of [age] years, and in each case shall continue as such for [number] years unless the partner sooner withdraws or dies. If an active partner dies, the partner's estate will become an estate partner for [number] years. If an advisory partner dies within [Number] years of having become an advisory partner, the partner will become an estate partner for the balance of the [number]-year period. Only active partners shall have any vote in any partnership matter. At the time of the taking effect of this partnership agreement, all the partners shall be active partners except [name] and [name], who shall be advisory partners. An active partner, after attaining the age of [age] years, or prior to that age if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of all the other active partners determines that the reason for the change in status is bad health, may become an advisory partner at the end of any calendar month on giving [number] calendar months' prior notice in writing of the partner's intention to do so. The notice shall be deemed to be sufficient if sent by registered mail addressed to the partnership at its principal office at [address], [city], [state/province] not less than [number] calendar months prior to the date when the change is to become effective. Any active partner may at any age be required to become an advisory partner at any time if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of the other active partners shall decide that the change is for any reason in the best interests of the partnership, provided notice of the decision shall be given in writing to the partner. The notice shall be signed by the [chairman or as the case may be] of the [executive committee or as the case may be] or, in the event of his or her being unable to sign at the time, by another member of the [executive committee or as the case may be]. The notice shall be served personally on the partner required to change his or her status or mailed by registered mail to the partner's last known address. Change of the partner's status shall become effective as of the date specified in the notice. Every active partner shall automatically and without further act become an advisory partner at the end of the fiscal year in which the partner's birthday occurs. In the event that an active partner becomes an advisory partner or dies, the partner or the partner's estate shall be entitled to the following payments at the following times: [describe] Each active partner shall apply all of the partner's experience, training, and ability in discharging the partner's assigned functions in the partnership and in the performance of all work that may be necessary or advantageous to further the business interests of the partnership. CONTRIBUTION Each partner shall contribute [amount] on or before [date] to be used by the partnership to establish its capital position. Any additional contribution required of partners shall only be determined and established in accordance with Article Nineteen. MANAGEMENT OF THE PARTNERSHIP The Partnership shall be managed by [SPECIFY]. Subject to the limitations specifically contained in this Agreement, [PARTY MANAGING THE PARTNERSHIP] shall have the full, exclusive and absolute right, power and authority to manage and control the Partnership and the property, assets and business thereof. [PARTY MANAGING THE PARTNERSHIP] shall have all of the rights, powers and authority conferred by law or under other provisions of this Agreement. Without limiting the generality of the foregoing, such powers include the right on behalf of the Partnership, in [PARTY MANAGING THE PARTNERSHIP]' sole discretion, to: Acquire, purchase, renovate, improve, and own any property or assets necessary or appropriate or in the best interests of the business of the Partnership, and to acquire options for the purchase of any such property; Borrow money, issue evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any indebtedness or obligation of the Partnership, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on Partnership assets; Sue on, defend or compromise any and all claims or liabilities in favor of or against the Partnership and to submit any or all such claims or liabilities to arbitration; File applications, communicate and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership's assets or any part thereof or any other aspect of the Partnership business; Retain services of any kind or nature in connection with the Partnership business, and to pay therefore such remuneration deem reasonable and proper; and Perform any and all other acts deem necessary or appropriate to the Partnership business. TRANSFER OF PARNERSHIP INTERESTS Restrictions on Transfer None of the Partners shall sell, assign, transfer, mortgage, encumber, or otherwise dispose of the whole or part of that Partner's interest in the Partnership, and no purchaser or other transferee shall have any rights in the Partnership as an assignee or otherwise with respect to all or any part of that Partnership interest attempted to be sold, assigned, transferred, mortgaged, encumbered, or otherwise disposed of, unless and to the extent that the remaining Partner(s) have given consent to such sale, assignment, transfer, mortgage, or encumbrance, but only if the transferee forthwith assumes and agrees to be bound by the provisions of this Agreement and to become a Partner for all purposes hereof, in which event, such transferee shall become a substituted partner under this Agreement.","Partnership Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/partnership-agreement-D12551.png","https://templates.business-in-a-box.com/imgs/250px/12551.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12551.xml",{"title":150,"description":6},"partnership agreement",[152,153],{"label":17,"url":95},{"label":154,"url":155},"Partnership Agreements","partnership-agreement","/template/partnership-agreement-D12551",{"description":158,"descriptionCustom":6,"label":159,"pages":160,"size":87,"extension":10,"preview":161,"thumb":162,"svgFrame":163,"seoMetadata":164,"parents":166,"keywords":165,"url":174},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":165,"description":6},"employment agreement_at will employee",[167,170,173],{"label":168,"url":169},"Human Resources","human-resources",{"label":171,"url":172},"Hire an Employee","hire-employee",{"label":17,"url":95},"/template/employment-agreement_at-will-employee-D541",false,{"seo":177,"reviewer":189,"quick_facts":193,"at_a_glance":195,"personas":199,"variants":220,"glossary":243,"fields":274,"how_to_fill":325,"common_mistakes":361,"faqs":378,"industries":403,"comparisons":420,"diy_vs_pro":436,"related_template_ids_curated":449,"schema":460,"classification":462},{"meta_title":178,"meta_description":179,"primary_keyword":180,"secondary_keywords":181},"Franchise Application Template (Free Word)","Free franchise application template to screen and qualify prospective franchisees. Covers background, financials, experience, and motivation. Free Word and PDF download.","franchise application template",[182,183,184,185,186,187,188],"franchise application form","franchise application form template","franchise application template word","franchisee application form","franchise request form","franchise inquiry form","how to apply for a franchise",{"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 Franchise Application is a structured intake form a franchisor uses to collect and evaluate information from prospective franchisees before advancing them in the approval process. This free Word download lets you capture applicant background, financial qualifications, business experience, and motivations in a consistent format you can edit online and export as PDF.\n","Use it whenever a prospective franchisee expresses interest in opening a location or territory — before any discovery day, franchise disclosure document, or franchise agreement is shared. It standardizes the screening step so you compare all candidates on the same criteria.\n","Personal and business contact details, financial qualification fields, business and management experience, preferred territory or location, motivation and goals, reference contacts, and a certification block where the applicant confirms the information is accurate and complete.\n",[200,204,208,212,216],{"title":201,"use_case":202,"icon_asset_id":203},"Franchisors and brand development teams","Standardizing candidate intake across multiple territories and recruiters","persona-franchisor",{"title":205,"use_case":206,"icon_asset_id":207},"Franchise development managers","Qualifying leads before scheduling a discovery day or issuing an FDD","persona-franchise-development-manager",{"title":209,"use_case":210,"icon_asset_id":211},"Multi-unit franchise operators","Applying to add a new territory or brand to an existing portfolio","persona-multi-unit-operator",{"title":213,"use_case":214,"icon_asset_id":215},"First-time franchise buyers","Completing a formal application to a franchisor for a single-unit license","persona-first-time-buyer",{"title":217,"use_case":218,"icon_asset_id":219},"Franchise brokers and consultants","Pre-qualifying clients before submitting applications to franchise brands","persona-franchise-broker",[221,225,227,231,235,239],{"situation":222,"recommended_template":223,"slug":224},"Initial inquiry before any formal vetting begins","Franchise Inquiry Form","franchise-agreement-D879",{"situation":226,"recommended_template":40,"slug":224},"Screening a candidate after the application but before awarding rights",{"situation":228,"recommended_template":229,"slug":230},"Transferring an existing franchise unit to a new owner","Franchise Transfer Application","franchise-application-D880",{"situation":232,"recommended_template":233,"slug":234},"Adding a second or third location for an approved franchisee","Multi-Unit Development Agreement","license-agreement-multi-users-D1021",{"situation":236,"recommended_template":237,"slug":238},"Granting exclusive rights to develop a defined territory","Area Development Agreement","development-and-publishing-agreement-D5190",{"situation":240,"recommended_template":241,"slug":242},"Documenting post-approval obligations before opening day","Franchise Operations Manual Acknowledgment","franchise-operations-manual-D13695",[244,247,250,253,256,259,262,265,268,271],{"term":245,"definition":246},"Franchisee","The individual or entity that licenses the right to operate under a franchisor's brand, system, and trademark in exchange for fees and royalties.",{"term":248,"definition":249},"Franchisor","The company that owns the brand, operating system, and intellectual property and grants franchisees the right to operate under those assets.",{"term":251,"definition":252},"FDD (Franchise Disclosure Document)","A federally mandated document in the US that franchisors must provide to prospective franchisees at least 14 days before any agreement is signed.",{"term":254,"definition":255},"Discovery Day","An in-person or virtual meeting where qualified applicants visit the franchisor's headquarters or a flagship location to evaluate fit before signing.",{"term":257,"definition":258},"Franchise Fee","A one-time upfront payment the franchisee makes to the franchisor to obtain the license to operate under the brand.",{"term":260,"definition":261},"Royalty","An ongoing percentage of gross sales paid by the franchisee to the franchisor, typically monthly, for continued use of the brand and support services.",{"term":263,"definition":264},"Territory","A defined geographic area within which a franchisee has the right to operate, sometimes exclusively, under the franchise agreement.",{"term":266,"definition":267},"Net Worth","Total assets minus total liabilities — used by franchisors to verify a candidate has sufficient financial resources to fund opening costs and sustain early operations.",{"term":269,"definition":270},"Liquid Capital","Cash or assets quickly convertible to cash that an applicant can access without borrowing, used to verify readiness to fund start-up costs.",{"term":272,"definition":273},"Area Developer","A franchisee who has contracted to open and operate multiple units across a defined region within an agreed development schedule.",[275,280,285,290,295,300,305,310,315,320],{"name":276,"plain_english":277,"sample_language":278,"common_mistake":279},"Applicant personal information","Full legal name, home address, phone number, email address, and date of birth of the primary applicant.","Applicant Name: [FULL LEGAL NAME] | Address: [STREET, CITY, STATE, ZIP] | Phone: [PHONE NUMBER] | Email: [EMAIL ADDRESS]","Collecting only a first name and email. Without a full legal name and address, the franchisor cannot run a background check or execute a binding agreement.",{"name":281,"plain_english":282,"sample_language":283,"common_mistake":284},"Co-applicant or entity information","Name of any co-applicant or the legal entity (LLC, corporation) that will hold the franchise, if applicable.","Entity Name (if applicable): [ENTITY LEGAL NAME] | Entity Type: [LLC / CORPORATION / OTHER] | State of Formation: [STATE]","Leaving entity fields blank when the applicant intends to operate through a business entity. Mismatches between the applicant name and signing entity create contract disputes later.",{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Preferred territory or location","The specific city, metro area, or region the applicant wants to operate in, along with any alternative preferences.","Preferred Territory: [CITY / METRO AREA / STATE] | Alternative Territory: [CITY / METRO AREA / STATE]","Accepting vague territory responses like 'anywhere in Texas.' Without a specific preference, the franchisor cannot check availability or plan territory allocation.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Financial qualification — net worth and liquid capital","The applicant's estimated total net worth and the liquid capital they can access without borrowing to fund start-up costs.","Estimated Net Worth: $[AMOUNT] | Liquid Capital Available: $[AMOUNT] | Willing to seek SBA financing: [YES / NO]","Not specifying liquid capital separately from net worth. An applicant with $1M in home equity but $20,000 cash may not meet the franchisor's liquidity minimum even if their net worth qualifies.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Employment and business experience","A summary of the applicant's work history, industries worked in, management experience, and any prior business ownership.","Current Employer / Business: [COMPANY NAME] | Role: [TITLE] | Years of Experience: [NUMBER] | Prior Business Owner: [YES / NO] — If yes, describe: [DESCRIPTION]","Framing experience too narrowly by industry. Management and operations experience in any industry is relevant — limiting the field to 'franchise experience only' screens out strong candidates.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Education background","Highest level of education completed and field of study, used to assess baseline business and operational competency.","Highest Education Level: [HIGH SCHOOL / ASSOCIATE / BACHELOR / GRADUATE] | Field of Study: [FIELD] | Institution: [NAME]","Making this field required with a minimum threshold. Education correlates weakly with franchise success; franchisors who use it as a hard filter risk eliminating strong operators.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Motivation and goals","A short open-text section where the applicant explains why they are interested in this franchise and what they hope to achieve within the first three to five years.","Why are you interested in [FRANCHISE BRAND]? [OPEN TEXT] | What are your goals for Year 1 and Year 3? [OPEN TEXT]","Skipping this field entirely on short-form applications. The motivation section is the single best predictor of cultural fit and commitment — franchisees who cannot articulate a reason tend to disengage early.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Number of units and timeline","How many franchise units the applicant is interested in opening and over what timeframe.","Number of Units Desired: [1 / 2–5 / 6+] | Planned Opening Timeline: [WITHIN 6 MONTHS / 6–12 MONTHS / 12–24 MONTHS]","Not asking about multi-unit intent upfront. Discovering that a single-unit applicant actually wants five locations — or vice versa — after a discovery day wastes both parties' time.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Professional references","Names and contact information for two to three professional references who can speak to the applicant's character, work ethic, and business judgment.","Reference 1: [NAME] | Relationship: [RELATIONSHIP] | Phone: [PHONE] | Email: [EMAIL]","Not requiring at least one reference from outside the applicant's family or social circle. Personal references add little screening value — professional or business references are what matter.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Certification and accuracy declaration","A statement the applicant signs or initials confirming all information provided is true and complete, and authorizing the franchisor to verify it.","I certify that the information provided in this application is true, accurate, and complete to the best of my knowledge. I authorize [FRANCHISE BRAND] to verify the information provided, including background and credit checks.","Omitting the authorization to verify. Without explicit consent, franchisors may face legal obstacles to running credit checks or contacting prior employers.",[326,331,336,341,346,351,356],{"step":327,"title":328,"description":329,"tip":330},1,"Enter your full legal name and contact details","Use your full name exactly as it appears on government-issued ID. Include a direct phone number and email address you check daily.","If you plan to operate through an LLC or corporation, enter both your personal details and the entity's legal name — franchisors need both to prepare the franchise agreement.",{"step":332,"title":333,"description":334,"tip":335},2,"Specify your preferred territory","Name a specific city, metro area, or defined region. If you have more than one preference, list a primary and an alternative.","Check the franchisor's website or call the development team before applying to confirm your preferred territory is still available.",{"step":337,"title":338,"description":339,"tip":340},3,"Complete the financial qualification fields accurately","Enter your estimated net worth and the amount of liquid capital you can access without taking on debt. Be honest — franchisors verify these figures before granting approval.","If you plan to use an SBA loan to cover part of the investment, note that in the financing section. Many franchisors have preferred lenders who can accelerate approval.",{"step":342,"title":343,"description":344,"tip":345},4,"Summarize your relevant experience","List your most recent role, years in that position, and any prior business ownership. Highlight management or operations experience — direct industry experience is usually less important than leadership track record.","Quantify wherever possible: 'Managed a team of 12' is more persuasive than 'management experience.'",{"step":347,"title":348,"description":349,"tip":350},5,"Write a specific motivation statement","Explain in two to four sentences why you chose this brand and what you plan to accomplish in Years 1 and 3. Reference something specific about the brand's model or market position.","Vague answers like 'I want to be my own boss' are the most common and least persuasive. Reference a specific aspect of the brand's operating model or market position instead.",{"step":352,"title":353,"description":354,"tip":355},6,"List professional references with accurate contact details","Provide at least two references who can speak to your professional judgment and business character. Include their current phone number and email — outdated contact info delays your application.","Alert your references before submitting the application so they are expecting a call and can respond promptly.",{"step":357,"title":358,"description":359,"tip":360},7,"Read and sign the certification block","Review the accuracy declaration carefully before signing. It authorizes the franchisor to verify all information you provided, including a credit and background check.","Any inaccuracy discovered after signing — even unintentional — can result in automatic disqualification. Double-check all financial figures before submitting.",[362,366,370,374],{"mistake":363,"why_it_matters":364,"fix":365},"Understating liquid capital requirements","Franchisors set minimum liquidity thresholds to protect both parties — underfunded franchisees are the leading cause of early-stage failure and system-wide reputation damage.","Calculate your accessible cash accurately before applying. If you fall short, identify a financing path (SBA loan, partner capital) and note it explicitly in the application.",{"mistake":367,"why_it_matters":368,"fix":369},"Leaving the territory field vague","A vague territory preference delays the availability check, slows the review process, and signals that the applicant has not researched the market.","Name a specific city or metro area as your primary preference and include one alternative. Confirm availability with the development team before submitting.",{"mistake":371,"why_it_matters":372,"fix":373},"Providing personal references instead of professional ones","References from family members or personal friends cannot speak to business judgment or operational capability, so franchisors discount or ignore them entirely.","List two to three references from prior employers, business partners, or professional advisors who can speak specifically to your management and decision-making track record.",{"mistake":375,"why_it_matters":376,"fix":377},"Submitting without informing your references","References who receive an unexpected call often give cautious or incomplete answers — or miss the call entirely — which stalls the verification step.","Contact each reference before submitting the application, confirm their current contact information, and tell them what role and brand you are applying for.",[379,382,385,388,391,394,397,400],{"question":380,"answer":381},"What is a franchise application?","A franchise application is a structured intake form a prospective franchisee completes to provide a franchisor with the personal, financial, and professional information needed to evaluate their candidacy. It is the first formal step in the franchise sales process — submitted before a discovery day, before the franchisor issues an FDD, and well before any franchise agreement is signed.\n",{"question":383,"answer":384},"What information does a franchise application ask for?","Most franchise applications collect personal and contact details, the legal entity name if applicable, preferred territory, estimated net worth and liquid capital, employment and business experience, education background, motivation and goals, number of units desired, professional references, and a certification that all information is accurate. Financial fields are the most heavily weighted in the initial screening.\n",{"question":386,"answer":387},"Is a franchise application legally binding?","No. A franchise application is a screening and information-gathering form, not a contract. Submitting it does not obligate the applicant to buy a franchise or the franchisor to grant one. The binding document is the franchise agreement, which is signed only after the applicant receives and reviews the FDD for the required waiting period.\n",{"question":389,"answer":390},"What financial qualifications do most franchisors require?","Requirements vary by brand and investment level, but most franchisors screen for a minimum net worth of 2–3 times the total investment and liquid capital equal to at least the full initial franchise fee plus 3–6 months of operating expenses. A mid-market food franchise, for example, might require $300,000 net worth and $100,000 liquid capital for a unit that costs $250,000 to open.\n",{"question":392,"answer":393},"How long does franchise application review take?","Initial screening typically takes 3–10 business days after submission. If the applicant meets financial and background criteria, they are usually invited to a discovery day within 2–4 weeks. The full process from application to signed franchise agreement commonly runs 60–120 days, depending on the brand and the applicant's responsiveness.\n",{"question":395,"answer":396},"Can I apply for multiple franchise brands simultaneously?","Yes. Applying to multiple franchisors at the same time is common and accepted practice. Each brand will conduct its own screening independently. Be transparent about your timeline and competing applications if a franchisor asks — attempting to rush one brand's process to match another's timeline is generally counterproductive.\n",{"question":398,"answer":399},"What happens after the franchise application is approved?","After approval, the franchisor issues the Franchise Disclosure Document (FDD), which the applicant must review for a mandatory waiting period — 14 days in the US under FTC rules. After that period, the parties can execute the franchise agreement, the applicant pays the initial franchise fee, and pre-opening training begins.\n",{"question":401,"answer":402},"Do I need a lawyer to complete a franchise application?","The application itself is a straightforward intake form that does not require legal counsel. However, before signing the franchise agreement — the binding contract that follows approval — engaging a franchise attorney to review the FDD and agreement is strongly advisable. Attorney review typically costs $1,500–$3,500 and can identify unfavorable clauses before you are committed.\n",[404,408,412,416],{"industry":405,"icon_asset_id":406,"specifics":407},"Food and Beverage","industry-food-beverage","Food franchises typically require the highest liquid capital thresholds and add health permit, food safety certification, and real estate experience fields to the standard application.",{"industry":409,"icon_asset_id":410,"specifics":411},"Retail","industry-retail","Retail franchise applications emphasize prior inventory management and customer service experience, and include questions about preferred mall, strip center, or standalone site formats.",{"industry":413,"icon_asset_id":414,"specifics":415},"Professional Services","industry-professional-services","Service-based franchises such as accounting, staffing, or consulting weight professional credentials and industry certifications heavily in the application screening criteria.",{"industry":417,"icon_asset_id":418,"specifics":419},"Health and Wellness","industry-health-wellness","Fitness and wellness franchises often add fields for applicable professional licenses (personal training, physical therapy) and ask about the applicant's personal relationship with the brand's service category.",[421,424,428,432],{"vs":40,"vs_template_id":422,"summary":423},"franchise-agreement-D12727","A franchise application is a pre-qualification intake form with no binding obligations — it determines whether a candidate advances in the process. A franchise agreement is the binding legal contract that grants operating rights, sets royalties, and governs the entire relationship. The application comes first; the agreement follows after the FDD review period.",{"vs":425,"vs_template_id":426,"summary":427},"Letter of Intent","letter-of-intent-D12755","A letter of intent signals mutual interest and may outline preliminary deal terms, but it is not a structured screening tool. A franchise application is a standardized form designed to collect consistent, comparable data across all candidates. Franchisors use applications to screen; they use letters of intent to document negotiated terms before drafting the final agreement.",{"vs":429,"vs_template_id":430,"summary":431},"Business Plan","business-plan-canvas-(one-page)-D12527","Some franchisors request a business plan as a supplement to the application, particularly for multi-unit or area development candidates. A franchise application collects factual background data; a business plan demonstrates the applicant's operational thinking and market analysis. The application qualifies the person; the business plan qualifies their strategy.",{"vs":433,"vs_template_id":434,"summary":435},"Franchise Disclosure Document (FDD)","D{FDD_PLACEHOLDER_ID}","An FDD is a legally mandated disclosure document the franchisor provides to qualified applicants — it runs 200–500 pages and covers 23 required items under FTC rules. The franchise application precedes the FDD; it is the tool franchisors use to determine which applicants are qualified to receive it. Providing an FDD to every inquiry would be impractical and legally unnecessary.",{"use_template":437,"template_plus_review":441,"custom_drafted":445},{"best_for":438,"cost":439,"time":440},"Franchisors screening applicants for standard single-unit or small multi-unit franchises","Free","10–15 minutes to complete per applicant",{"best_for":442,"cost":443,"time":444},"Franchisors adding custom financial thresholds, background check authorizations, or brand-specific screening questions","$200–$500 for a franchise consultant or attorney to tailor the form","1–3 days",{"best_for":446,"cost":447,"time":448},"Large franchise systems with complex territory structures, regulated industries, or multi-brand portfolios requiring integrated applicant tracking","$1,000–$3,000+ for custom form design and legal review","1–2 weeks",[224,450,451,430,452,453,454,455,456,457,458,459],"letter-of-intent_acquisition-of-business-D5197","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","partnership-agreement-D12551","employment-agreement_at-will-employee-D541","job-offer-letter-long-D12769","service-agreement-D12711","purchase-order-D1411","sales-invoice-D383","confidentiality-agreement-D950",{"emit_how_to":461,"emit_defined_term":461},true,{"primary_folder":95,"secondary_folder":463,"document_type":464,"industry":465,"business_stage":466,"tags":467,"confidence":473},"distribution-and-channel","form","general","growth",[468,469,470,471,472],"franchise","application","franchisee-evaluation","intake-form","partner-qualification",0.82,"\u003Ch2>What is a Franchise Application?\u003C/h2>\n\u003Cp>A \u003Cstrong>Franchise Application\u003C/strong> is a structured intake form a prospective franchisee completes to give a franchisor the personal, financial, and professional information needed to evaluate their candidacy before advancing them in the approval process. It captures everything from liquid capital and net worth to business experience, preferred territory, and motivation — in a consistent format that lets the franchisor compare every candidate against the same criteria. The application is not a binding document; it is the gateway that determines who receives a Franchise Disclosure Document and an invitation to a discovery day.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a standardized franchise application, franchisors rely on inconsistent phone conversations and informal emails to screen candidates — making it nearly impossible to compare applicants fairly or defend a selection decision later. A missing financial qualification step lets underfunded candidates advance to discovery day and legal review, wasting both parties' time and money. A well-designed application also creates an auditable record of what each applicant represented about their background and finances, which matters if a franchisee later disputes the basis for approval or rejection. This template gives franchisors a repeatable, defensible screening process from the very first inquiry.\u003C/p>\n",1781186038210]