Sentences with phrase «signed by the franchisee»
The legal characteristics of a franchise agreement are typically somewhat different from normal commercial contracts in that they are «contracts of adhesion», meaning they are drafted in a franchisor's standard form contact and are generally signed by the franchisee with little or no modifications.
https://www.lawworks.ca/
They are typically drafted on a franchisor's standard form contact and are generally signed by the franchisee with little or no modification.
Not exact matches
This disclosure document must, by law, be given to all prospective franchisees 10 business days before any agreement is signed.
Dunkin's slower traffic numbers during the third quarter, and harsh reaction to them by Wall Street, could be a sign of things to come when franchisee - led fast - food restaurants such as McDonald's (MCD), Wendy's (WEN), Buffalo Wild Wings (BWLD) and Restaurant Brands Group (QSR) owned Burger King report earnings in the weeks ahead.
There are more than 40 additional locations already committed to for development by franchisees in Maryland, Virginia, New Jersey, New York and Pennsylvania, including those covered in an 11 - unit deal signed last year in South and Central New Jersey and in a separate 10 - unit deal for New York's Long Island.
The Federal Trade Commission reined in the industry in the 1970s by establishing rules for what franchisors must disclose to prospective franchisees before signing them on.
The franchisor was not exempt from the resale exemption in the Act because it «effected» the sale by requiring the spouse of the corporate franchisee's principal to sign as guarantor.
This legal exception is commonly called the «Tutor Time Exception» because it was first decided by an Ontario court in 2006 in 1518628 Ontario Inc. v. Tutor Time Learning Centres, where the franchisee signed a release as part of a settlement.
Instead of dedicating themselves to the growth and success of their franchisees — and ultimately, the services they provide consumers — they seem motivated more by a desire to simply sign more franchisees and then sell them superfluous «stuff» that boosts their profit margins but does nothing to improve customer service or spark genuine, productive relationships.»
The franchisee pays Walmart a $ 10,000 entry fee and signs a sub-lease agreement with Seva, which then pays Walmart a small percentage of the revenue produced by the salon.