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Grand Opening Promotion
The franchiser, ______________, and the franchisee, _________, as set forth in their franchise agreement on the ____________ day of _____________ 20 __, and as witnessed by ______, have agreed to the following additional terms and conditions:
Both the franchisee and the franchiser will work in together on the grand opening promotion of the franchisees franchise. Terms are as follows. Franchiser agree to pay the following percentage of local advertising __________ to read ______________.
Grand opening specials and or discounts shall be absorbed by the franchisee and the franchiser broken down in the following ______________________:
Franchiser agrees to pay (--%) of the cost of expense and the franchisee agrees to pay of the cost of expense of grand opening promotion.
Franchiser further agrees to assist franchisee with specific plan of promotion and development of special discounts and any ideas to contribute to the success of the grand opening promotion.
*** 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: _____