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Franchise Lease Agreement
"I need a Franchise Lease Agreement for my nationwide coffee shop chain, to be used with a new franchisee who will operate from a shopping center location in Manchester, with a 10-year term starting March 2025 and including specific fit-out requirements for our brand standards."
1. Parties: Identification of franchisor, franchisee, and property owner
2. Background: Context of the franchise arrangement and property lease
3. Definitions: Key terms used throughout the agreement
4. Grant of Lease: Terms of the property lease
5. Grant of Franchise: Terms of the franchise license
6. Rent and Other Payments: Financial terms including rent, service charges, and franchise fees
7. Tenant Covenants: Obligations of the franchisee as tenant
8. Landlord Covenants: Obligations of the landlord
9. Term and Termination: Duration and ending conditions
1. Break Clause: Early termination provisions - use when parties want flexibility to end the agreement early
2. Change of Control: Provisions for ownership changes - include for corporate franchisees
3. Service Charge Provisions: Details of service charge calculations - include for properties in multi-let buildings
1. Property Description: Detailed description and plans of the premises
2. Franchise Operations Manual: Detailed operational requirements and standards
3. State of Condition: Property condition report at lease commencement
4. Permitted Use: Specified allowed uses of the premises
5. Brand Standards: Required franchise brand standards and specifications
6. Insurance Requirements: Required insurance coverage details
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