Terms & Conditions for Become Partner
Application for Become Partner:
How to Become Partner:
The franchise agreement is the document which underpins your relationship with Isupportcar.It is essential that you understand your obligations under your franchise agreement and any pitfalls contained in it.
1. This is where the Isupportcar gives you the right to operate your business using the Isupportcar 's system which includes its manual and intellectual property.
2. Most grants of franchises are only of a limited period of time. Usually this period is between 5 to 7 years but can be both longer and shorter.
3. The term can come to a premature end if the Isupportcar terminates the agreement due to a default by you. Once the agreement is terminated (whether due to default or just expiration of the term) you will lose the right to conduct the business .
Fees
Generally speaking there are three types of fees payable by a franchisee under a franchise agreement – 1.Initial,
2.Ongoing and
3.One off fees.
Renewal
More often than not your franchise agreement will provide that you have a right to renew it at the end of the first term provided you meet certain terms and conditions. These terms and conditions can include the following:
- Obligation to pay the franchisor's legal fees associated with processing the renewal and preparing the new franchise agreement etc.
- Payment of a Renewal Fee for the grant of the use of the franchise system and the franchisor's intellectual property for the further term.
- Not being in breach of the franchise agreement at the time of the Renewal. Sometimes a condition of the renewal will be that you have not committed any breach of the franchise agreement during the term. Obviously this highlights that strict compliance with the agreement is essential.
- Refurbishment of premises to met the current image of the franchise system. Provision of notice in writing within a certain time frame.
- Execution of the franchisor's current franchise agreement (which may be on different terms and conditions to your existing franchise agreement). Franchisor's right to review the territory and reduce/enlarge at its discretion.
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