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Marketing Trust Fund & Usuage
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:
The franchiser agrees that funds held in trust for advertising will be use wholly for the benefit of the entire franchise network. Any promotion or advertising on the national or regional level paid for from trust will be for the purpose of all franchisee not for the benefit of individual franchisees or franchisees.
*** 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: _____