Professional Documents
Culture Documents
Date: 26/08/2014
Place: INDORE
8. TERMINATION CLAUSE:
(a) This AGREEMENT may be terminated by any of the parties for
breach of understanding on any clauses of this agreement giving 15
days notice of the reasons for such termination.
With the mutual consent of both the parties, this AGREEMENT can
be terminated at shorter notice. On termination from either party for
whatever reason, the payments due should be paid as per payment
clause of the Agreement.
(b) If the Franchisee intentionally or un-intentionally tries to employ
the employee of the Franchisor or its Channel Partners then the
contract would be considered void.
9. Non- disclose clause: Both the parties hereby agree neither to
Circumvent or nor to disclose the identities, Information as well as the
essence of the project etc of each others/Principals, clients etc to
any other Third party and neither of us will approach each others
contracts as identified from time to time.
10. Dispute Resolution & Jurisdiction: In the event of any dispute or
difference arising between the parties hereto relating to or arising out
of this Agreement, including the implementation, execution,
Interpretation, rectification, validity, enforceability, termination or
rescission thereof, including the rights, obligations or liabilities of the
parties hereto, the same will be adjudicated and determined
By arbitration. The Indian Arbitration & Conciliation Act, 1996 or any
statutory amendment or reenactment thereof in force in India, shall
govern the reference. Both parties shall appoint their respective
arbitrator, and both arbitrators thus appointed should appoint the third
Arbitrator who shall function as the presiding Arbitrator. The venue of
arbitration shall be INDORE. The Courts in the city of INDORE shall
have exclusive jurisdiction to entertain try and determine the same.
These are the above mentioned Franchise Agreement terms and
conditions under which both parties agrees to serve each other and
make a long term profitable business plan and get the highest peak of
success and strength in future.
NOTE:
IF FRANCHISEE RECEIVES CASH FOR ANY PURPOSE
TOWARDS YOP SERVICES INDORE THEN FRANCHISEE
WILL BE SOLE RESPONSIBLE FOR ANY LOSS AS YOP
SERVICES DEALS ONLY IN FORM OF CHEQUE,
DEMAND DRAFT AND NEFT OR ANYONLINE
TRANSACTIONS WITH SOLE PROOF .
CONSULTANCY AND CLIENT CHARGES ARE NOT
REFUNDABLE UNDER THE SERVICE LEVEL
AGREEMENT AND MOU OF YOP SERVICES.
YOP SERVICES AT PRESENT IS NOT A CLIENT FOR ANY
PROJECTS BUT PLAYS A VITAL ROLE AS AN
INTRODUCER BETWEEN CLIENT AND CENTERS SO
YOP SERVICES OR IT FRANCHISEE ARE NOT LIABLE
FOR ANY LOSSES OCCURRED DURING THE PROJECTS
RENDERED.
Both Parties hereby do agree to the above mentioned terms and
conditions and place their signature for the future business reference.
For
Name: ______________________
For
Name: _______________________