Franchise Agreement Addendum To Lease Agreement
Parties | The 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”) |
State | Arizona |
Renewal Term | 10 years |
Section | Commercial Contracts |
Exhibit10.15
THEJOINTCORP.
FRANCHISEAGREEMENT
TABLEOFCONTENTS
SECTION PAGE
1. INTRODUCTION 1
2. GRANTOFFRANCHISE 2
2.1 Term;ReferencetoExhibit1 2
2.2 FullTermPerformance 3
2.3 ManagementAgreementwithProfessionalCorporation–Non-LicensedFranchisees 3
2.4 WaiverofManagementAgreement 4
2.5 SelectionofPremises;NoProtectedTerritory;ReservationofRights 5
2.6 RenewalofFranchise 5
2.7 PersonalGuarantybyPrincipalOwners;ReferencetoExhibit2 6
3. DEVELOPMENTANDOPENINGOFTHEFRANCHISE 6
3.1 SiteApproval;LeaseorPurchaseofPremises;OpeningTimeline;ReferencetoExhibit3 6
3.2 PrototypeandConstructionPlansandSpecifications 7
3.3 DevelopmentoftheFranchise 7
3.4 ComputerSystem 8
3.5 Equipment,Furniture,Fixtures,FurnishingsandSigns 9
3.6 FranchiseOpening 9
4. TRAINING 9
4.1 GeneralManager 9
4.2 Training 10
5. GUIDANCE;OPERATIONSMANUAL 11
5.1 GuidanceandAssistance 11
5.2 OperationsManual 12
5.3 ModificationstoSystem 12
5.4 AdvisoryCouncils 12
6. FEESANDCOSTS 13
6.1 InitialFranchiseFee 13
6.2 RoyaltyFee 13
6.3 RegionalandNationalAdvertisingFee 14
6.4 LocalAdvertising 14
6.5 GrandOpeningCosts 15
6.6 SoftwareandProgrammingFees 15
6.7 RelocationFee 15
6.8 LatePayments 15
6.9 ElectronicFundsTransfer 16
6.10 ApplicationofPayments 16
6.11 ModificationofPayments 17
6.12 Non-ComplianceCharge 17
THEJOINT…THECHIROPRACTICPLACE™
FRANCHISEAGREEMENT
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7. MARKS 17
7.1 OwnershipandGoodwillofMarks 18
7.2 LimitationsonFranchiseOwner’sUseofMarks 18
7.3 NotificationofInfringementsandClaims 18
7.4 DiscontinuanceofUseofMarks 18
7.5 IndemnificationofFranchiseOwner 18
8. RELATIONSHIPOFTHEPARTIES;INDEMNIFICATION 19
8.1 IndependentContractor;NoFiduciaryRelationship 19
8.2 NoLiability,NoWarranties 19
8.3 Indemnification 19
9. CONFIDENTIALINFORMATION;NON-COMPETITION 20
9.1 TypesofConfidentialInformation 20
9.2 Non-DisclosureAgreement 21
9.3 Non-CompetitionAgreement 21
10. THEJOINTCORP.FRANCHISEOPERATINGSTANDARDS 22
10.1 ConditionandAppearanceoftheFranchise 22
10.2 FranchiseServicesandProducts 23
10.3 ApprovedProducts,DistributorsandSuppliers 24
10.4 HoursofOperation 25
10.5 Specifications,StandardsandProcedures 25
10.6 CompliancewithLawsandGoodBusinessPractices 25
10.7 ManagementandPersonneloftheFranchise 26
10.8 Insurance 27
10.9 CreditCardsandOtherMethodsofPayment 28
10.10 Pricing 29
11. ADVERTISING 29
11.1 ByCompany 29
11.2 ByFranchiseOwner 31
11.3 RegionalAdvertisingCooperatives 31
11.4 WebsitesandOtherFormsofAdvertisingMedia 31
12. ACCOUNTING,REPORTSANDFINANCIALSTATEMENTS 32
13. INSPECTIONSANDAUDITS 33
13.1 Company’sRighttoInspecttheFranchise 33
13.2 Company’sRighttoAudit 33
14. TRANSFERREQUIREMENTS 34
14.1 Organization 34
14.2 InterestsinFranchiseOwner;ReferencetoExhibit4 34
14.3 TransferbyCompany 35
14.4 NoTransferWithoutApproval 35
14.5 ConditionsforApprovalofTransfer 36
14.6 RightofFirstRefusal 38
14.7 DeathandDisability 39
14.8 EffectofConsenttoTransfer 39
14.9 ConsentNotUnreasonablyDelayed 39
THEJOINT…THECHIROPRACTICPLACE™
FRANCHISEAGREEMENT
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