Franchisor of this agreement is The Professional English which is the parent company and allowing the franchisee to run the business using its trademark, website and logo.
Franchisee fee is the initial amount paid to the franchisor by the franchisee. The franchisee fee will be Rs. 50,000 for 2 years.
Under the US Federal Trade Commission, it is essential for the franchisee to provide some of the relevant documents. Here, I am disclosing the documents and particulars which an individual is needed to provide to become Franchisor.
Term of the agreement spells out the duration for which the agreement will be valid which is 2years. And at the end of the term, if you stand to be a good franchisee, we will renew the agreement.
Royalty fee is the amount which is to be paid by the franchisee monthly which will be Rs. 20,000 per month, which is subject to change.
Here, I want to address some of the other facts which will be quite helpful for you for undertaking the working of the company.