FRANCHISE AGREEMENT This Franchise Agreement (“Agreement”) is entered into between: Franchisor: Step Up Dance Studio Address: 123 Dance Street, Manila, Philippines Contact: [email protected] Franchisee: __________________________ Phone: __________________________ Email: __________________________ 1. Grant of Franchise: - Franchisor grants non-exclusive rights to operate a Step Up Dance Studio franchise in the agreed territory. - Term: 3 years from signing date. - Rights include use of brand name, logos, and approved curriculum. 2. Franchise Fee & Payment: - One-time franchise fee: PHP 50,000 - Royalty: 10% of monthly gross revenue - Payment schedule: franchise fee upfront; royalties monthly 3. Training & Support: - Initial 3-day training provided by franchisor - Ongoing support: marketing, operations, curriculum updates - Site visits and audits conducted quarterly 4. Operational Obligations: - Maintain studio according to brand standards - Minimum 12 classes per month - Adhere to approved pricing, schedules, and marketing guidelines 5. Intellectual Property: - All logos, curriculum, and materials remain property of franchisor - Franchisee cannot copy or distribute outside authorized use 6. Confidentiality: - Franchisee must not disclose proprietary content, strategies, or client information 7. Termination: - Termination for breach of agreement, non-payment, or misconduct - 30-day written notice required for voluntary termination 8. Waiver & Liability: - Franchisee assumes full responsibility for operations, staff, and clients - Franchisor not liable for injuries, accidents, or financial losses of franchisee 9. Governing Law & Dispute Resolution: - This Agreement governed by Philippine law - Disputes resolved via arbitration or court in Manila Acknowledgment: By signing below, Franchisee acknowledges that they have read, understood, and agree to all terms of this Agreement.
Signature: