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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:
Franchisee will responsible to provide an audited statement, by duly authorized agent, of all accounts and transaction of franchise at least ____________________ annually. Such statement will be delivered in writing every _______ and will include royalty fee to be paid to franchiser. All activity with regard to accounting will be performed in accordance with standard set forth in provided manuals.
*** 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: _____