DIY Legal Forms

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Accounting Procedures

The franchiser, ________________, and the franchisee, ______________, as set forth in their franchise agreement on _________________ and as witnessed by _____________________, have agreed to the following additional terms and conditions:

Franchise agrees to keep daily record of business and forward to franchiser on a weekly basis those transactions. On ____________of each following week the franchiser will receive a weekly culmination of business activity.

Upon inspection with reasonable notification, the franchisee will disclose any all accounting information of business activity. Such inspection will be performed by authorized representative of franchiser and will take at a time that will not hinder normal business operation.

After the close of franchisees fiscal year and within _________________ (days or weeks ) after official closing, the franchisee will provide a complete statement of earnings for that fiscal year. Such statement will include profit and loss, any expenses of operation and follow procedures set forth in supplied manual. This statement will be certified by proper authority to be correct and accurate information.

Date: ________.

____________________________

Franchiser

____________________________

Franchisee

____________________________

Witness

____________________________

Witness

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)