FRANCHISE AGREEMENT

This agreement is signed on this 20th day of october, the year 2010.

Between
HALDIRAM’S
(www.Haldiram.net), Haldiram House, 880
Small Factory Area, Bhandara Road H-12, Maharashtra -440008, India. Established in 1937 by Ganga Bishen Agarwal

And
a proprietary firm having a plot no -109,Block-A, kavinagar , Ghaziabad, Uttar Pradesh, India,

Both parties as above have expressed a desire of entering in to a franchise agreement to meet their respective objectives, which are set out here in below,
a. Haldiram on its part has entered into the business and interested in furthering this business through “Franchise” (conductor) operated signature: restaurants on national basis maintaining a uniform standard.

Terms and Conditions 1. All the obligation of “Franchise” under this agreement are legal. validly existing and a good standing under the laws of republic of India and has all requisite power and authority to enter into this agreement with haldiram. haldiram appoints the franchise as a franchise on the terms and condition set forth in this agreement and in the website.b. c. THEREFORE. d. The entire business being on prepaid basis. undertaking and commitment set forth therein here by mutually agree as follows. “Franchise” is desirous of taking over the services offered by haldiram. e. On consideration of the “Franchise’s” application and relying on such assurance and representation that “Franchise ” has made to haldiram. The “Franchise” warrants and represents to haldiram that is an International food company. Haldiram would provide their entire range of product & services by own or through the service provider. Section 2: Grant of the Franchise 1. 2. Haldiram will supply all the product & services based upon requests from “Franchise ” up to limit available for “Franchise ”. There are no proceedings pending against the franchise. Haldiram is desirous of appointing “Franchise” to conduct. manage and operate the services through their guidelines as per the uniform norms set up by haldiram in respect of nature of product services. the following expressions shall bear the respective meaning set forth below. Section1: Definition and Interpretations For the purpose of this agreement. 2. the parties. “Franchise” on his part is interested in entering into the business of operating as a service provider through their restaurants and thus carrying out the business of providing product and services . valid and binding obligations enforceable in accordance with its terms. which may have an advice effect on the ability of franchise to perform and meet its obligation under this agreement. The purpose of this Agreement is to forth the terms and condition under which the parties to the Agreement shall conduct themselves during the substances of Agreement. in consideration of convents. Such limits will be equivalent to the funds available from “Franchise ” with haldiram at any point in time and will keep reducing with every transaction corresponding to the value of transaction . NOW. Section 3: Services. for the purpose of its operation and management to carry out business on the terms and condition herein.

Section 8: Applicable Law This agreement is governed by and constructed in accordance with the law of India. special. Section 6: Limitations of liability The parties shall not liable for any incidental. if within seven (7) days of written notice from IIFT of the breach or violation. Haldiram shall be entitled to terminate this agreement. This agreement may be extended on the mutual agreement of both parties. Failure of the “Franchise ” to provide the services as per the expectations of haldiram. without assigning any reason by giving prior written notice of ninety(90) days. 2.Section 4: Confidentiality 1. 2. Any breach or violating of any of the terms and condition of this agreement by the “Franchise ”. “Franchise ” shall keep all information of confidential nature received from the hadiram in whatever form as strictly confidential and not disclose it to third parties without the prior written consent of haldiram during the term of this agreement. “Franchise ” agrees not to disclose revenue information without haldiram prior written consent. b. with immediate effect upon happening of one or more of the following: a. unless earlier terminated in accordance with the agreement by paying renewal fees to haldiram by “Franchise”. This agreement may be terminated by either party at any time. indirect or consequential damages arising out of or relating to this Agreement. Section 7: Termination 1. such breach or violation is not cured. . provided that no cure period shall be applicable for the violation of any applicable law. Section 5: Terms This agreement comes into force on the date of signing this agreement and shall continue for (3) years after this date.

4.Section 9: Dispute Resolution and Jurisdiction 1. shall be made. The rights and obligation of the parties under. and shall be deemed for all purpose between the parties to be made in New Delhi. The place of arbitration shall be New Delhi and any award whether interim or final. and the agreement shall be subject to the exclusive jurisdiction of the courts at New Delhi. or pursuant to. 2. this clause. The arbitral procedure shall be conducted in the English language and any award or awards shall be rendered in English. This agreement has been executed on the date set forth herein in two (2) copies or which the parties have taken one each. conclusive and binding upon the parties. The procedural law of the arbitration shall be Indian law. 5. 1996 shall apply. The arbitral tribunal shall be composed of three arbitrators. Any dispute. controversy or claim arising out of or relating to this agreement or the breach. a second arbitrator appointed by “Franchise” and third arbitrator to be appointed by such arbitrator. 1996. including the arbitration agreement in this clause. and the provisions of the [Indian] arbitration and Conciliation Act. . shall be settled by arbitration in accordance with the provision of the [Indian] Arbitration and Conciliation Act. The award of the arbitral tribunal shall be final. one arbitrator appointed by haldiram. 3. termination or invalidity thereof. 6. shall be governed by and subject to Indian law.

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