1. Franchisor has to pay 40 % of the franchise/initial fees to the businesss consultant as a service fees which they get from buyer for the right to do business under the franchisor's name and their system. Although technically, the term "franchise" refers to the contract that links the two parties, it is more usually used to refer to the franchisee's actual business.
2. The territory in which the franchisee will conduct business is specified in the franchise agreement. It reveals who is the trademark's owner and authorized user.
3. Business consultant is allowed to give clients a discount in franchise fees from the commission they would receive.
Liability: The duties and obligations of both the parties towards the other party and / or to any third party are limited to the terms and conditions ofthis agreement. Consultant doesn't constitute any representation, warranty or
guarantee of any kind whatsoever, and will not stand liable for any direct or indirect loss, loss of profit, personal / business opportunities, emotional disturbances, special or consequential damages arising out of or in connection with any delay in performance or non-performance due to whatsoever the reason maybe.
Severability: If any term, covenant, condition, or provision of this Agreement thereof to any circumstance shall be invalid, illegal, or unenforceable to any extent, the remaining terms, conditions, and provisions ofthis Agreementshall not be affected thereby.
Entire Agreement: This Agreement shall constitute the entire agreement between the parties and will supersede any prior understanding or representation.
Digital or Electronic Signatures: In accordance with the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act, or E-Sign (the Act) and other applicable local or state
legislation regarding Electronic Signatures and Transactions, the parties do hereby expressly agree to the use of electronic signatures as an additional method of signing and/or initialing this Agreement. The parties hereby agree that either party may sign electronically by using a digital signature service.
Arbitration: Any dispute which may arise in connection with the interpretation ofthe provisions of this contract shall be amicably settled, failing which; State and/or Federal Law of USA will be the governing rule. The award of the arbitration shall be final and binding upon both parties. Nothing in this Agreement is intended to contradict any mandatory provision of any Applicable Law.
Owner acknowledgment: I have read, understood and agreed the terms of this agreement.