Franchise Referral Addendum
  • Franchise Referral Addendum

  • CONFIDENTIAL ADDENDUM TO THE FCC FRANCHISE REFERRAL AGREEMENT

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  • WHEREAS, FCC has recently updated all their existing Agreements to a new Agreement (“New Agreement”) for the franchise brands they represent to include a Fair Inventory, Aggregate Transaction & Administrative fee (IATA Fee) which stipulates a franchisor shall pay FCC an inventory fee equal to the highest inventory or aggregate transaction fee paid to any broker group and

  • WHEREAS, FCC and Franchisor are desirous of continuing their association and wish to modify their Agreement, add the IATA Fee and / or modify certain aspects of the agreement

  • NOW, THEREFORE, in consideration of the mutual promises and undertaking set forth herein, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties mutually agree to amend the Franchise Agreements for the above named as follows:


    The above preamble and recitals are true and correct and incorporated into this Addendum.

  • 2. Remaining Articles of Franchise Agreement.

    All of the terms and conditions of the existing Franchise Agreement shall remain in full force and effect, except as amended by this Addendum.

    3. Entire Agreement. 

    This Addendum and all other written agreements expressly referenced in this Addendum, represent the entire understanding and agreement between the parties on the subject matter of this Addendum and supersede all other negotiations, understandings and representations, if any, made between the parties.  No representations, inducements, promises or agreements, oral or otherwise, if any, not embodied in this Addendum and all other written agreements concerning this Addendum and expressly referenced in this Addendum are of any effect.

  • IN WITNESS WHEREOF, Franchisor and Franchisee have executed this Addendum effective as of the date set forth in the preamble of this Addendum.

  • Nicholas Neonakis, CEO

    The Franchise Consulting Company, Inc.

    935 Bella Vista Ave

    Miami, FL 33156

    Nick@TheFranchiseConsultingCompany.com

    800-321-6072 

     

    Signature

     

    _______________________________________

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