DIY Legal Forms

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Franchise Fees & Royalties

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:

Effective ____________ and every ___of the month thereafter, the franchisee _______ agrees to pay the franchiser _______ which is ____ (--%) of gross sales for a period of ____. Gross sales is determined and defined by the following _________ and in accordance with government standards and practices. All gross sales will be measured in receipts of sale in store location and promise to be correct by the franchisee.

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)