THIS agreement (Agreement) is made at indore on the 2
nd day of may 2014 as under.
BETWEEN: M/s LOL FOOD CHAIN (INDIA) PVT LTD , a Firm, Through its Authorised Representive Mrs Arpita Bafna having its Corp. Off office at 43-c Mangal Nagar ,AB Road OPP. Sarco House,Indore M.P.-452001. Hereinafter referred to as the FIRM (which expression shall unless repugnant to the context or meaning thereof, be deemed to include its successors and assigns) OF THE FIRST PART
AND M/s ___________________________________________________ having its Propertor`s Name Mr _______________________________ herewith who is hereinafter referred to as
(The Franchisee) OF THE SECOND PART;
The expression Franchisee shall, unless it is repugnant to the context or meaning thereof, be deemed to mean and include: i. In case the Franchisee is a Company incorporated under the Companies Act,1956, its successors and permitted assigns; ii. In case the Franchisee is a partnership firm formed under the partnership Act,1932, the partners for the time being and form time to time and their respective legal heirs, executors and administrators of last such surviving partner; and iii. In case the Franchisee is an individual, his! Her respective heirs, administrators and executors; In case the Franchisee is an individual, his! Her respective heirs, administrators and executors The Firm and the Franchisee are hereinafter referred to as Party and collectively as parties
WHEREAS: The Firm has developed the concept and have established a reputation and distinctive image with the public for the business and the Menu. The Firm is running the Business is the name and style of LOL FOOD CHAIN (INDIA) PVT LTD. a) The Firm has the experience in operating, managing and maintaining such fast food outlets, which operate with a uniform Menu, business formate, specially designed interiors, methods, procedures and systems, which is more particularly defined hereunder as the Model. b) The Firm has developed a unique method of manufacturing and providing half cooked food Menu from a central kitchen to its various outlets; c) The Model is a ce.omprehensive and standardized system.offered
6. Outlet shall mean the premises situated at the location as more particularly hereto and / or such other premises from where the Franchisee performs and shall continue to performs the Franchisee`s Frunctions pursuant of this Agreement.
7. personnel , with reference to the Franchisee, shall mean the Franchisee`s employees, staff, directors, proprietor, partners, members, officers, officials, agents and other persons who represent or work for the Franchisee or for whom the Franchisee is responsible.
8. Products ,Shall mean the items in the Manu including without limitations half cooked Indian foods, maxican, Italian,etc and /or such other products as may be identified by the Firm from time to time and shall include all such edible products prepared ! marketed by the Firm from time to time.
9. Trade Name, shall mean all the trade and business names, trade and service marks, commercial symbols, copyright, design, service counter,platters,logos and all intellectual property identified by the Firm for the purpose of marketing including without limitation the concept, Business Model from time to time and shall include the name and style LOL in such styles and manners as may be used by the Firm in respect of the Business from time to time.