FRANCHISE AGREEMENT
THIS FRANCHISE AGREMENT (the “Agreement “) is entered on this 19 day of Jan 2019.
By and Between
MOMO MAGIC CAFÉ, A UNIT OF Magic Café Foods PRIVATE LIMITED, a Partnership firm. (hereinafter called the “Franchisor”)which expression shall unless excluded by or repugnant to the context mean and include its heirs, administrators, successors in interest, assignees etc., acting through its partner,Mrs. GARIMA SINGH, Mrs Lalita Kuimari Party of the FIRST PART. AND (hereinafter called” Franchisee”) the and which term shall unless excluded by or repugnant to the context mean and include its heirs, successors, administration etc. acting through its of Vashnavi Enterprises Proprietor DEEPTI SHARMA D/O HARENDRA BAHADUR SINGH PAN No.:BAHPS1788H, Residence of House No.260, Gosai Tola Road Near Shiv Mandir, Patliputra Colony Patna Bihar – 800013. of thereby called the party of the Second Party
In this Franchise Agreement, the meanings set forth for defined terms in this Agreement
and all pronouns shall be equally applicable to both the singular and plural, masculine,
feminine or neutral forms as the context may require.
The “Franchisor “and the “Franchisee” are also referred to individually as “Party” and
collectively as “parties”
Date :
TO WHOM IT MAY CONCERN
Dear Sir,
I …………………………… under signed, as Director of (MOMO MAGIC CAFÉ, A UNIT OF STEAM CAFÉ SERVICES PRIVATE LIMITED) hereby confirm with full legal and corporate responsibility and under penalty of perjury that we ready, willing and able to enter into a contract with Mr. …………………………
The brief term & Condition of this intent are as follows:
- Validity of the Agreement : The TOA(Term of Agreement will be of 5 Yers from the date of Signing of Franchise Agreement.
- Effect of the Commencement : After Signing of the agreement the agreement of business shall be operational within ………days from the date of singing of Franchise Agreement.
- Business Premise : ……………………………………….
……………………………………….
- Consideration : Non – Refundable/ Non-Adjustable
franchise Fee of Rs. ………………
Plus 18% GST is applicable.
An advance amount …………………
Is paid along with this letter of intent Through cheque/DD No/ RTGS No. ……………………………………….Dated ……….. drawn on ……………(payable at patna)
Balance amount of Rs. …………….. Will be paid upon signing the Agreement or within 15 days of Signing this letter of intent, whichever is earlier.
- Municipal and other Taxes : You have to bear Municipal Taxes,
Property Taxes etc. related to Outlet.
- I/ We Understand that all amounts once paid on the name of the company (steam Café Services Pvt Ltd) neither refundable nor adjustable. A detailed agreement is to be signed by both parties within ………. Days of signing of letter of intent.
- Please accept & confirm the LOI by signing the same.
For and on behalf of For and on behalf of
Authorise signatory Director of the company
Name : ………………… Name: ……………………
Date : Date :
