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Franchisee's First Refusal Right-New Franchises
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:
In the case of exclusive distribution rights given to franchiser, the franchisee remains the option of first refusal of any new or additional locations of said business _____________________ in the following ___________.
Franchisee may or may not grant permission of additional business location without the written and express consent of franchiser in the following described territory:__________________, until such time as described _________________. Franchisee must comply with written notice of franchiser to refuse or accept intent, failure to respond will allow franchisee the right to exercise option.
*** If Required By State Law ***
This Section for Notary:
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.
My commission expires: _____