DIY Legal Forms

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Contract Termination

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 contractual agreement between franchiser and franchisee reaches state of terminus, the franchisee must conclude any sales of trademarked merchandise and franchisee will be granted the right to buy at cost the remainder of franchisees merchandise within the following time frame.

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)