Obligations
& Responsibilities
The master
franchisor reserves its vetoing
rights for any new franchisee application and
may reject such application within all reasonable
grounds. Under the agreement, the master
franchisor shall, in no way, appear
or be made to appear as a partner, agent or in
any form of business venture other than that of
the master franchisor
and sole proprietor of franchise.
Furthermore,
under same the agreement, the master
franchisor will not undertake financial
participation or take equity of any kind, or guarantee
the financial success of the operation and shall
bear no financial responsibilities of any nature
in the implementation and operation of the franchise.
It is the sole responsibility of the master
franchisee and it is required for
the master franchisor
to seek all necessary legal advise to ensure that
all terms, conditions, provisions, rights and
responsibilities are understood by the master
franchisee.
As a part of
the agreement, the master franchisee
shall exclusively purchase all stipulated goods
from the master franchisor
who will produce and sells the necessary supplies
at cost. All stipulated goods shall be produced
locally in the country granted in the agreement.
These products shall be produced according to
Swiss standards of production, based on all pre-established
recipes, and if needed, any substitute products
will be provided. |
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