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Terms and Conditions
Franchise agreement summary for official application review.
This Agreement shall be valid for a period of 3 (three) years commencing from the date of execution hereof, unless terminated earlier in accordance with Clause 11.
This Agreement may be renewed for a further term upon mutual written consent of the Parties, subject to payment of the renewal fee, if any, prescribed by the Franchisor and the Franchisee's continued compliance with this Agreement.
Franchise Fee: The Franchisee shall pay to the Franchisor a one-time, non-refundable Franchise/Registration Fee of ₹4500/- (Rupees Four thousand five hundred only) at the time of execution of this Agreement, receipt of which the Franchisor hereby acknowledges/shall acknowledge separately.
Security Deposit: The Franchisee shall pay a refundable interest-free security deposit of ₹20,000/- (Rupees Twenty thousand only) refundable within 90th days of termination/expiry of this Agreement, subject to deduction of any dues payable by the Franchisee.
Royalty: The Franchisee shall pay to the Franchisor a recurring royalty/fee of 10% of gross monthly course fee collections, or a fixed sum of ₹30 (per student) per month, payable by the 10th day of every succeeding month.
Certificate/Examination Fee: Charges per student for certification, examination, ID cards, and study material shall be as per the Franchisor's price list prevailing from time to time, payable by the Franchisee in advance.
Late Payment: Any amount remaining unpaid beyond the due date shall attract interest @ 10% per month until realisation.
All payments under this Agreement are exclusive of applicable taxes (GST etc.), which shall be borne additionally by the Franchisee unless stated otherwise.
All rights, title and interest in the Brand/Marks, curriculum, study material, question banks, certificates and any other intellectual property provided by the Franchisor shall remain the exclusive property of the Franchisor at all times.
The Franchisee is granted a limited, non-transferable licence to use the Brand/Marks solely for the purpose of operating the Centre during the subsistence of this Agreement, and such licence shall automatically stand revoked upon expiry or termination of this Agreement.
The Franchisee shall not register, or attempt to register, the Brand/Marks or any deceptively similar mark/name/domain in its own name or in the name of any third party.
