To become a FRANCHISEE, a certain amount known as FRANCHISE FEE, shall be the consideration for the business to be granted by the FRANCHISOR. The payment of franchise fee grants the FRANCHISEE to conduct the business, but the FRANCHISOR remains the owner of Copyrights in the various copyright works, including but not limited to advertisement materials, uniforms of staff, logos, business forms, contracts, brochures, operational manuals, all of which were developed by the FRANCHISOR.
It is important to know the roles of both parties and what to expect from each party. A short summary of their roles follows:
1. The FRANCHISOR grants the FRANCHISEE the right to operate his business, the use of his trade name, logos and system under the manner prescribed by the term of their agreement (Contract);
2. During the term of FRANCHISE AGREEMENT, FRANCHISOR akcnowledges to provide FRANCHISEE the training and other assistance necessary in operating the business, including but not limited to preparation, products, services, designs, specifications and procedures of operation, consistency and uniformity of products and services offered.
1. The FRANCHISEE agrees to operate the business, the use of trade name, logos and system in compliance with applicable laws and government regulations and in accordance with the standards established by the FRANCHISOR;
2. Subject to all the terms and provisions of the FRANCHISE AGREEMENT, FRANCHISEE, akcnowledges and upholds the importance of FRANCHISOR'S high standards of quality, appearance and service and the necessity of operating the business in conformity with the FRANCHISORS standards and specifications.