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I. OBJECTIVE
1. To establish a set of guidelines on the final agreement between the Franchise Applicant and GJVI
II. DEFINITION OF TERMS
1. Franchise Applicant – an entity who expressed intention to be granted authorization to franchise a company-owned brand
III. GENERAL POLICIES
Procedures for Franchise Contract shall only apply if Franchise Applicant has gone through the process of Franchisee Identification.
Franchise Applicant shall be scheduled for signing of the Franchise Agreement (FA). The FA shall serve as the contract between the Franchise Applicant and GJVI. It shall include all terms and conditions agreed upon by both parties.
The FA shall be prepared in five copies. Franchise Applicant, Chief Executive Officer, and witnesses shall sign all pages of the FA. Upon signing of the FA, the Franchise Applicant shall pay the remaining 50% of the franchise fee and other charges as deemed necessary.
All accomplished FAs shall be notarized.
Upon processing, the copies of the FA and the Memorandum of Agreement (MOA) shall be given to the following:
• Franchise Applicant
• Chief Executive Officer
• Franchise Officer
• Finance and Accounting Department
The FA shall be valid for a period of five years for a full store model and three years for a cart/kiosk model.
The Business Development Department shall be responsible for contracting an accredited supplier to construct the outlet.
IV. PROCEDURE FLOWCHART
Flowchart Title
Franchise Contract
V. REFERENCE/INTERFACE PROCESS
Document Title
1. Franchise Identification
2. Pre-Operating Plan
VI. FORMS AND RECORDS
Form Title
1. Franchise Agreement (FA)
2. Memorandum of Agreement (MOA)
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