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Franchise Agreement Sample For Food Cart Philippines

The advertising fund is created as a separate bank account and the funds received are accounted for separately from the franchisor`s other funds and cannot be used to defuse the franchisor`s general operating expenses, except for the reasonable salaries, administrative and overhead that franchisors may bear for activities related to the management or management of the advertising fund and its advertising programs (including reasonable salaries) , the management and overhead costs that Franchisor may incur in activities that are appropriately related to the management or management of the advertising fund and its advertising programs (including reasonable salaries, administrative costs and overheads incurred by Franchisor in activities that are appropriately related to the management or management of the advertising fund and its advertising programs (including reasonable salaries) , management fees and overheads) that may result from activities that are appropriately related to the management or management of the advertising fund and its advertising programs (including reasonable salaries, administrative costs and overheads that can be incurred in activities that are appropriately related to the management or management of the advertising fund and its advertising programs (including appropriate management) , without limitation, conducting market research, producing advertising and advertising materials; , the collection and billing of contributions to the advertising fund, payment for the establishment and distribution of financial statements, accounting expenses and expenses, taxes and other reasonable expenses, direct or indirect, borne by Franchisor or its agents in connection with the advertising fund`s programs. The advertising fund will not be the franchisee`s capital. A financial report card on the activity of the advertising fund is . are established annually and made available to the franchisee on request. Franchisor may spend more or less the total contribution of all Mama Fu restaurants to each year`s advertising fund, and the advertising fund can borrow from Franchisor or other companies to cover deficits or invest a surplus for future use. Any lender lending money to the advertising fund receives interest at a reasonable interest rate. All interest paid on advertising funds is used to pay advertising costs before other advertising fund assets are spent. Franchisor may lead to the advertising fund being integrated or operated into a separate fund at the time Le Franchisor deems it appropriate, and that successor entity, when incorporated, has all the rights and obligations set out in this section. Franchisor is not responsible for any act or omission relating to the advertising fund that is in accordance with this Agreement and is in good faith. Unless expressly stated in this section 11.2, Franchisor assumes no direct or indirect responsibility to the franchisee for the maintenance, management or management of the advertising fund.

Franchisees recognize and accept that Franchisor does not act or act as an agent or agent with respect to the advertising fees collected. Franchisees are committed to participating in promotional, marketing or advertising campaigns created by the advertising fund. Franchisor may reduce franchisee contributions to the advertising fund and after notification to the franchisee, reduce advertising fund activity or terminate the advertising fund, and distribute unspent funds to contributors that franchisees have received in proportion to their past contributions. FOOD CART FRANCHISE BUSINESS THAT SUITES YOU: The reasons why the franchise of us… What is franchising? Franchising is a contract.

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