Termination Of Franchise Agreement Template for India

1. Transition Period: Details of any agreed transition period - include when there's a need for gradual wind-down

2. Customer Transfer: Process for handling existing customers - relevant when customer relationships need to be transferred

3. Employee Matters: Handling of employees - include when employees are affected by the termination

4. Inventory Disposal: Process for disposing of remaining inventory - relevant when physical stock exists

5. Territory Rights: Special provisions for territorial rights - include when territory rights need specific handling

6. Training Materials: Handling of training materials and records - relevant when significant training content exists

7. Surviving Obligations: Specific obligations that survive termination - include when certain provisions should continue

8. De-Identification: Detailed process for removing brand identification - relevant for physical locations

9. Non-Compete Provisions: Post-termination competition restrictions - include when competition is a concern

10. Dispute Resolution: Specific dispute resolution mechanisms - include when standard court jurisdiction is not preferred

1. Schedule 1: Outstanding Payments: Detailed list of all pending financial settlements between parties

2. Schedule 2: Intellectual Property List: Comprehensive list of IP items to be ceased/returned

3. Schedule 3: Material Return Checklist: Itemized list of physical and digital materials to be returned

4. Schedule 4: De-branding Requirements: Specific requirements for removing brand elements

5. Schedule 5: Termination Timeline: Detailed timeline for completing all termination obligations

6. Appendix A: Final Account Statement: Current financial position between parties

7. Appendix B: Customer Notice Template: Template for notifying customers of the termination

8. Appendix C: Handover Protocol: Step-by-step protocol for business handover process