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  • Contract Negotiations

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    Marionne Saubon
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    The document contains a franchisee's requested changes to several sections of a franchise agreement with ARADIA fitness. Specifically, the franchisee asks for: [1] No interest on late payments if sales are lower than expected, [2] Advance notice of any transfer of the franchise by the franchisor, [3] Not allowing either party to solicit existing customers, [4] The franchisor to cover accommodation costs for any new required training, [5] A 50% reduction to the initial franchise fee, and [6] Royalty payments reduced to 3% and marketing fund contributions increased to 3%.

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    Contract review

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    The document contains a franchisee's requested changes to several sections of a franchise agreement with ARADIA fitness. Specifically, the franchisee asks for: [1] No interest on late payments if sales are lower than expected, [2] Advance notice of any transfer of the franchise by the franchisor, [3] Not allowing either party to solicit existing customers, [4] The franchisor to cover accommodation costs for any new required training, [5] A 50% reduction to the initial franchise fee, and [6] Royalty payments reduced to 3% and marketing fund contributions increased to 3%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views2 pages

    Contract Negotiations

    Uploaded by

    Marionne Saubon
    The document contains a franchisee's requested changes to several sections of a franchise agreement with ARADIA fitness. Specifically, the franchisee asks for: [1] No interest on late payments if sales are lower than expected, [2] Advance notice of any transfer of the franchise by the franchisor, [3] Not allowing either party to solicit existing customers, [4] The franchisor to cover accommodation costs for any new required training, [5] A 50% reduction to the initial franchise fee, and [6] Royalty payments reduced to 3% and marketing fund contributions increased to 3%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    1

    Contract Negotiations
    Submitted by:
    Marionne Rafael Saubon
    BAA
    October 13, 2021
    2

    6.4 Interest on Late Payments

    - If the store is running low on sales that what is expected to have, I would like to have no interest in late
    payments (knowing that I will still pay).

    11.1 Transfer by the Franchisor

    - I don’t agree with this. Without my approval is reasonable but I would like to have atleast a notice from
    you incase this might happen.

    STUDIO FRANCHISE

    - I don’t agree about you or the other franchise solicit customers. I think we should let the customers
    decide without us soliciting on which ARADIA fitness branch that is favorable to them.

    4.1 Training

    - If incase you added new stuff to ARADIA fitness that requires training, I think that the accommodation
    costs should be covered by you since we are about to franchise ARADIA fitness, and you are making sure
    we get the training.

    6.1 Initial Franchise Fee for Studio and Mobile Franchises

    - I would like you to reduce the initial fee by 50%, I think that the initial fee was too much.

    STUDIO FRANCHISE

    - I want to reduce my payment for royalties to 3% and increase my contributions for my ARADIA fitness
    studio to 3%.

    That is all I can think of negotiating from this assignment. Thank you.

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