Franchise Agreement Addendum To Lease Agreement

PartiesThe Joint Corp (“we”, “us”, the “Company”, or “The Joint Corp."), (“you,” “Franchise Owner,” or “Franchisee") ________________________________________ (“you,” “Franchise Owner,” or “Franchisee)(if you are a partnership, corporation, or limited liability company, your “Principal Owners”)
StateArizona
Renewal Term10 years
SectionCommercial Contracts
Exhibit10.15
THEJOINTCORP.
FRANCHISEAGREEMENT
TABLEOFCONTENTS
SECTION PAGE
1. INTRODUCTION 1
 
2. GRANTOFFRANCHISE 2
2.1 Term;ReferencetoExhibit1 2
2.2 FullTermPerformance 3
2.3 ManagementAgreementwithProfessionalCorporation–Non-LicensedFranchisees 3
2.4 WaiverofManagementAgreement 4
2.5 SelectionofPremises;NoProtectedTerritory;ReservationofRights 5
2.6 RenewalofFranchise 5
2.7 PersonalGuarantybyPrincipalOwners;ReferencetoExhibit2 6
  
3. DEVELOPMENTANDOPENINGOFTHEFRANCHISE 6
3.1 SiteApproval;LeaseorPurchaseofPremises;OpeningTimeline;ReferencetoExhibit3 6
3.2 PrototypeandConstructionPlansandSpecifications 7
3.3 DevelopmentoftheFranchise 7
3.4 ComputerSystem 8
3.5 Equipment,Furniture,Fixtures,FurnishingsandSigns 9
3.6 FranchiseOpening 9
  
4. TRAINING 9
4.1 GeneralManager 9
4.2 Training 10
  
5. GUIDANCE;OPERATIONSMANUAL 11
5.1 GuidanceandAssistance 11
5.2 OperationsManual 12
5.3 ModificationstoSystem 12
5.4 AdvisoryCouncils 12
  
6. FEESANDCOSTS 13
6.1 InitialFranchiseFee 13
6.2 RoyaltyFee 13
6.3 RegionalandNationalAdvertisingFee 14
6.4 LocalAdvertising 14
6.5 GrandOpeningCosts 15
6.6 SoftwareandProgrammingFees 15
6.7 RelocationFee 15
6.8 LatePayments 15
6.9 ElectronicFundsTransfer 16
6.10 ApplicationofPayments 16
6.11 ModificationofPayments 17
6.12 Non-ComplianceCharge 17
THEJOINT…THECHIROPRACTICPLACE
FRANCHISEAGREEMENT
i
7. MARKS 17
7.1 OwnershipandGoodwillofMarks 18
7.2 LimitationsonFranchiseOwner’sUseofMarks 18
7.3 NotificationofInfringementsandClaims 18
7.4 DiscontinuanceofUseofMarks 18
7.5 IndemnificationofFranchiseOwner 18
  
8. RELATIONSHIPOFTHEPARTIES;INDEMNIFICATION 19
8.1 IndependentContractor;NoFiduciaryRelationship 19
8.2 NoLiability,NoWarranties 19
8.3 Indemnification 19
  
9. CONFIDENTIALINFORMATION;NON-COMPETITION 20
9.1 TypesofConfidentialInformation 20
9.2 Non-DisclosureAgreement 21
9.3 Non-CompetitionAgreement 21
  
10. THEJOINTCORP.FRANCHISEOPERATINGSTANDARDS 22
10.1 ConditionandAppearanceoftheFranchise 22
10.2 FranchiseServicesandProducts 23
10.3 ApprovedProducts,DistributorsandSuppliers 24
10.4 HoursofOperation 25
10.5 Specifications,StandardsandProcedures 25
10.6 CompliancewithLawsandGoodBusinessPractices 25
10.7 ManagementandPersonneloftheFranchise 26
10.8 Insurance 27
10.9 CreditCardsandOtherMethodsofPayment 28
10.10 Pricing 29
  
11. ADVERTISING 29
11.1 ByCompany 29
11.2 ByFranchiseOwner 31
11.3 RegionalAdvertisingCooperatives 31
11.4 WebsitesandOtherFormsofAdvertisingMedia 31
  
12. ACCOUNTING,REPORTSANDFINANCIALSTATEMENTS 32
 
13. INSPECTIONSANDAUDITS 33
13.1 Company’sRighttoInspecttheFranchise 33
13.2 Company’sRighttoAudit 33
  
14. TRANSFERREQUIREMENTS 34
14.1 Organization 34
14.2 InterestsinFranchiseOwner;ReferencetoExhibit4 34
14.3 TransferbyCompany 35
14.4 NoTransferWithoutApproval 35
14.5 ConditionsforApprovalofTransfer 36
14.6 RightofFirstRefusal 38
14.7 DeathandDisability 39
14.8 EffectofConsenttoTransfer 39
14.9 ConsentNotUnreasonablyDelayed 39
THEJOINT…THECHIROPRACTICPLACE
FRANCHISEAGREEMENT
ii

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