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Franchisee's Right To Form Corporation
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:
The franchisee will be able to exercise and execute right to incorporate interest at will, as long as franchiser consents to terms of agreement of corporation being formed and complies with established requirements or new corporate franchisees.
The Franchisee acknowledges requirements may include a signed agreement to oversee overall operation of the newly formed unit.
*** 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: _____