Franchise Broker Agreement Template for Singapore

The Franchise Broker Agreement is essential when a franchisor wishes to engage professional intermediaries to expand their franchise network in Singapore. This document establishes the legal framework for broker-franchisor relationships, defining commission structures, territorial rights, and performance expectations. It incorporates Singapore's regulatory requirements, including compliance with the Franchising Code of Ethics and relevant business legislation. The agreement typically includes provisions for broker responsibilities, reporting requirements, confidentiality obligations, and dispute resolution mechanisms.

1. Parties: Identification and details of the Broker and the Franchisor

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used tHRoughout the agreement including relevant legislation references

4. Appointment and Scope: Terms of broker appointment and authorized activities under Singapore law

5. Territory: Geographical area where broker is authorized to operate

6. Commission Structure: Payment terms, rates, and calculation methods in compliance with local regulations

7. Representations and Warranties: Statements of fact and promises by both parties regarding their capacity and authority

8. Obligations of the Broker: Detailed responsibilities and duties of the broker including compliance requirements

9. Obligations of the Franchisor: Detailed responsibilities and duties of the franchisor

10. Confidentiality: Protection of confidential information and trade secrets in accordance with PDPA

11. Term and Termination: Duration of agreement and conditions for termination

12. Dispute Resolution: Process for resolving disputes under Singapore law

13. General Provisions: Standard legal provisions including governing law, notices, and amendments