Copy Cat™ Pizza is a new trademark at Angel Ronan SHOKUNIN ™; On signing, you pay 10 weeks in advance for this franchise. After that, you pay only $140.00 per day per location with a 2% annual increase. Start your location. If you would like to buy the intellectual property to own the entire concept, we make a 40 year deal with you to pay an additional $99.00 per day for 40 years with a 2% annual increase. We retain one locations without any franchise fee.
General Franchising Agreement for Copy Cat™ Pizza
This Agreement is made and entered into this [Day] day of [Month], [Year], by and between Angel Ronan SHOKUNIN™ (hereinafter referred to as the "Franchisor") and [Franchisee Name] (hereinafter referred to as the "Franchisee").
Article 1: Grant of Franchise and Term
1.1 Trademark and License
The Franchisor grants to the Franchisee the limited right to operate a Copy Cat™ Pizza franchised location (the "Location") using the Franchisor's proprietary trademarks, business systems, and intellectual property solely at the approved Location, subject to the terms herein.
1.2 Initial Term
The initial term of this Agreement shall commence on the date of execution and continue for a period of [e.g., Five (5)] years, renewable subject to the Franchisor’s terms and conditions at the time of renewal.
Article 2: Franchise Fees and Payments
2.1 Advance Franchise Fee
Upon the signing of this Agreement, the Franchisee shall remit to the Franchisor an Advance Franchise Fee equivalent to ten (10) weeks of the daily franchise fee per Location. This fee covers the initial 70 days of operation.
2.2 Daily Royalty Fee (Standard)
Following the expiration of the ten (10) week advance period, the Franchisee shall pay a daily royalty and franchise fee of One Hundred Forty Dollars ($140.00) per day per Location.
2.3 Annual Fee Increase
The daily royalty fee specified in Section 2.2 shall be subject to an automatic two percent (2%) annual increase (compounded) commencing on the first anniversary of the opening date of the Location and annually thereafter.
Article 3: Optional Intellectual Property Buyout
3.1 IP Buyout Option
The Franchisee has the option to acquire the full intellectual property rights to own the entire "Copy Cat™ Pizza" concept, separate from the standard franchise license.
3.2 IP Buyout Term and Fee
If the Franchisee elects the IP Buyout Option, the Franchisee agrees to a forty (40) year term and shall pay an additional Ninety-Nine Dollars ($99.00) per day for the duration of the forty (40) year term.
3.3 Annual IP Fee Increase
The additional $99.00 daily fee outlined in Section 3.2 shall be subject to an automatic two percent (2%) annual increase (compounded) commencing on the first anniversary of the IP Buyout Option execution date and annually thereafter for forty (40) years.
Article 4: Operational Control and Franchisor Rights
4.1 Franchisor’s Right to Management Appointment (The Management Clause)
The Franchisor reserves the absolute and unqualified right, at its sole discretion and at any time, to personally manage the Location or appoint a per diem manager to the Location for the purposes of:
a) The collection and payment of any and all unpaid funds owed by the Franchisee to the Franchisor.
b) Direct management and oversight of the Location for any reason deemed necessary by the Franchisor.
The Franchisee agrees to fully cooperate with any such appointed manager and shall bear the reasonable per diem costs associated with the manager's services if the appointment is necessitated by the Franchisee's default on payments or operational standards.
4.2 Franchisor Retained Location
Notwithstanding the granting of franchises, the Franchisor shall retain one (1) corporate Location which shall be permanently exempt from the payment of any and all standard or optional franchise fees, royalties, or advance payments detailed in this Agreement.
Article 5: General Provisions
5.1 Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country of Franchisor].
5.2 Entire Agreement
This document constitutes the entire agreement between the parties and supersedes any prior agreements, understandings, or representations.
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