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Termination of Franchise Agreement by Franchisee Template

Termination of Franchise Agreement by Franchisee Template

A Termination of Franchise Agreement by Franchisee is a written agreement that documents the franchisee’s decision to end the franchise. It outlines the termination process, cessation of trademark use, payment of outstanding fees and return of franchisor property.

Originally published by luminpdf.com

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Termination of Franchise Agreement by Franchisee with obligations for ceasing trademarks, returning materials and paying fees

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Frequently asked questions

The Termination of Franchise Agreement by Franchisee is a formal document that allows a franchisee to end a franchise relationship in compliance with the franchise agreement and applicable law. It sets out the effective termination date and includes obligations such as ceasing use of trademarks, returning proprietary materials, paying outstanding fees and respecting post-termination covenants like non-compete and confidentiality. This template provides franchisees with a clear framework to lawfully exit the franchise while protecting both parties’ rights.
The franchisee prepares and signs the termination letter, while the franchisor also signs to confirm acceptance of the termination and conditions set forth.
The signed document is exchanged between the franchisee and franchisor and retained as part of their official records. It may also be referenced in disputes, audits or legal proceedings.

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