DIY Legal Forms

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Close Out Sale Of Trademarked Product

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:

If both parties have agreed to negate contractual agreement, the franchisee will be allowed _______________, to move inventory in the form of a sale on premise. This merchandise must have been purchased prior to expiration or negation of contract. No other locations are considered authorized to sell said merchandise and must be agreed to in writing by franchiser.

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)