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Location Franchiser Sublease Franchisee
The franchiser ______________________, and the franchisee _______________________, as set forth in their franchise agreement on this ____________ day of _____________ 20 __, and as witnessed by _________, have agreed to the following additional terms and conditions:
Franchisee requires that franchiser establish site for construction and location of the franchise business in ______________________.
This location will be held as _________________ tenant, by agreement and signatures of franchiser and landlord of space to be leased. In the case franchiser does not obtain such agreement in the determined area within the following time frame of_________________ effective________________ then franchisee may consider agreement null and void and collect penalties in the amount of (including interest) $------ (USD).
Franchiser agrees to construct on the chosen location, a standard franchise system building, such building to be built in accordance with the plans and specifications furnished by franchiser.
Franchiser shall also provide periodic inspections of the construction at the franchise site to determine if there has been compliance with the franchise system plans and specifications.
Franchisee will allow franchiser to sublet real estate mentioned above according to identical language of prime lease agreement.
Franchiser will not in any way alter terms of lease or allow franchisee to bear or incur any override expenses.
Franchiser is duly charged to keep accordance of basic agreement terms of lease and that which franchisee is duly obligated.
*** 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: _____