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Letter Of Intent For Franchise Application
"I need a Letter of Intent for Franchise Application to express interest in opening a coffee shop franchise in Manchester, with a proposed investment of £200,000 and planned opening in March 2025; I want to include an exclusivity period and detailed timeline for negotiations."
1. Introduction and Parties: Identification of the prospective franchisee and franchisor with full legal names and addresses
2. Expression of Interest: Formal statement declaring intent to apply for the franchise opportunity and acknowledgment of non-binding nature
3. Business Background: Overview of applicant's relevant business experience, qualifications, and track record
4. Financial Capability: Declaration of available financial resources, investment capacity, and funding sources
5. Proposed Location/Territory: Details of intended location or territory for franchise operation
1. Due Diligence Requirements: Details of required documentation, information sharing, and verification processes
2. Exclusivity Period: Terms of exclusive negotiation period and conditions for maintaining exclusivity
3. Timeline and Process: Proposed schedule for application process, key milestones, and decision points
4. Confidentiality Provisions: Terms regarding the handling and protection of confidential information exchanged during the application process
5. Good Faith Declaration: Statement of commitment to negotiate in good faith and with serious intent
1. Schedule 1 - Financial Statements: Recent financial records, bank statements, or proof of financial capability
2. Schedule 2 - Business Plan: Preliminary business plan outlining proposed franchise operation
3. Schedule 3 - Professional Background: CVs/Resumes of key individuals involved in the proposed franchise
4. Schedule 4 - Property Information: Details and documentation related to proposed franchise location or territory
5. Schedule 5 - Supporting Documents: Additional documentation such as references, certifications, or licenses
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