Franchise Agreement

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Agreement No :                                                                                                                      Date of agreement:

 

Agreement Parties : Franchiser – 4u2.in having registered office at Tower 2, World Trade Center, Pune – 411002 , e-mail address- ajinkya@4u2.in and contact number – +91 8484949386 through it’s authorized representative Mr. Rajeshwarrao Venkatrao Karri aged 58 years resident of Kharadi, Pune having Permanent Account Number- ACUPK9333Q . Herein after referred to as Party No.1 or the Franchiser. Franchisee- Full name having registered address at ( ) , e-mail address- () and contact number – ( ) through it’s authorized representative Mr. () aged () years resident of () having Permanent Account Number- () . Herein after referred to as Party No.2 or the Franchisee. The Party No.2 The Franchisee has approached the Party No.1 The Franchiser with a request for granting the franchise with all the required credentials to appoint him for the location ( ) / area more specifically specified in the agreement . The Franchiser has agreed to grant franchise for the specified location to the Franchisee after verifying all the required credentials and fulfillment of all the required conditions.

Now both the parties have agreed to the following terms & conditions mentioned below: 1. The Franchiser will provide a mobile application for delivery purpose of essential commodities including liquor wherever it is permitted subject to Government’s approval. 2. The Franchiser will hand over the mobile application only after receiving the 100% payment from The Franchisee which will be handed over after 21 days. 3. The Franchiser will give free 1 year maintenance and technical/training support for mobile application , after 1 year The Franchisee has to pay Rs.5,000 towards annual maintenance charges which is mandatory. 4. The Franchiser will provide Digital marketing support to promote the services of delivery in that specified area for up to 3 months if required to extend the local promotions extra amount will be charged at the rate of Rs.5000 per month. 5. The revenue sharing shall be 3:1 after deduction of all the expenses like delivery , interest on capital, miscellaneous expenses where 75% of revenue shall be retained by the franchisee and 25% to be paid to the Franchiser. The total share of revenue shall be paid on or before 28th of every month. It is a binding on the Franchisee to pay by electronic transfer of funds such as NEFT , IMPS or any other electronic means. 6. The Franchiser will help, contact and integrate the liquor shops/ essential commodity sellers for The Franchise and the required data shall be provided by the Franchisee. 7. The Franchiser will also integrate the delivery boys’ data for the convenience of the Franchisee or provide training on data management.
8. The Franchisee shall provide all the necessary information/ data required to be incorporated in the mobile application. 9. The Franchisee shall pay 100% payment in advance before commencement of this agreement and the cost of the one time franchise fees Rs.1,50,000 which includes cost of the mobile application and GST shall be extra as applicable. The Franchisee shall be charged 18% GST which is the prevailing rate. 10. The Franchisee shall abide by the laws and rules & regulations of the respective State Government as well as Central Government stipulated as per law. 10. The Franchisee shall not change his location once assigned and confirmed & strictly provide services in the specified area only. 11. The Franchisee shall not use any data which is not provided or approved by The Franchiser. If found Franchiser has every right to delete and take legal actions as per the prevailing law. 12. Under no circumstances whatsoever the one time franchise fees paid shall be refunded . 13. The Franchisee shall fully indemnify, hold harmless and defend 4u2.in and its owner, officers, employees from and against all claims, demands, actions, suits, damages, liabilities, losses, settlements, judgments, costs and expenses (including but not limited to reasonable attorney’s fees and costs), whether or not involving a third party claim, which arise out of or relate to any act or omission of 4u2.in. 14. All and any dispute arising between the parties as to the interpretation, operation, or effect of any clause in this deed , The Franchiser has every right to reject, cancel or terminate this Franchise Agreement without any notice after finding any malpractice or misinformation or any act that is against the law.
15. Any other dispute arising out of this agreement shall be referred to the arbitrator appointed by 4u2.in. Jurisdiction shall be Pune/Nagpur Bench of Bombay High Court . Both the parties have read, understood and agreed to all the terms & conditions mentioned in this agreement. This is a digital document and does not require signature and The Franchisee shall mention the agreement number and confirm acceptance by e-mail. ` For application call or whatsapp us on +91 8484949386 or e-mail us at ajinkya@4u2.in

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