NOTE: FOR ALL THESE REASONS WE REQUIRE YOU SEND US A COPY OF YOUR CREDIT REPORT DATED WITHIN THE PAST TWO MONTHS, WHICH SHOWS YOUR FICO SCORE IS ABOVE 670, AS AFTER REVIEWING https://www.nerdwallet.com/blog/credit-cards/what-fico-score-considered-good-credit/ WE FIND 670 LOWEST WE WANT YOU HAVE, AND IT IS LOW COMPARED TO MANY COMPANY'S REQUIREMENTS, BUT WE WANT AVOID HASSLES, FOR US BOTH ON A MUTUAL BASIS. ONLY MAKES SENSE. FREE AT https://www.creditkarma.com/ GIVES INFORMATION REPORT YOU SEND IN TO US.
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FRANCHISE AGREEMENT
CERTIFICATION OF APPLICANT FRANCHISER CANDIDATE:
NAME_________________. ADDRESS,_____________________
CITY, __________________.COUNTRY,_____________________
PAYPAL EMAIL_________________TEL____________________
CELL#____________________FAX_____________________
REFERENCES 1) NAME ______________________________
EMAIL FOR REF1:___________________________________
REFERENCES 2) NAME ______________________________
EMAIL FOR REF2:___________________________________
REFERENCES 3) NAME ______________________________
EMAIL FOR REF3):___________________________________
BANK NAME_________________ADDRESS______________
BANK EMAIL________________BANK TEL_______________
DESIRED-FRANCHISE-AREA-LOCATION-(be-specific-,-attach map)_________________________________________________
ACCOUNTANT CERTIFICATION: NAME_____________________________________
NAME OF BIZ:____________________BIZ EMAIL______________________________
ADDRESS_____________________________________________________________
BIZTEL:________________________TEL VAT AUTHORITY_____________________
BIZ LICENSE NUMBER_______________________JURISDICTION________________
I, _____________________, accountant practicing within city of _________________
Country of___________________ do hereby certify have been hired by Franchise
Applicant ______________________, as per contract terms within, to pay all VAT taxes, fees, major biz expenses and my salary, from the 40% in paypal VAT account paypal email _________________ from which I will be fairly compensated, also to report monthly to head biz owners all taxes are paid, and that franchise owner is making profit on his/her biz.
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TERMS OF THIS CONTRACT AGREEMENT AS PER BELOW:
THIS FRANCHISE AGREEMENT is made the________ day of ______________________ 20_______.
BETWEEN:
____________________________________________________________ A First party/company existing under the _____________ laws with principal office at ________________________________________________
And
____________________________________________________________ Second party/company existing under the _____________ laws with principal office at ________________________________________________
____________________________________________________________ Second party/company existing under the _____________ laws with principal office at ________________________________________________
____________________________________________________________ Second party/company existing under the _____________ laws with principal office at ________________________________________________
WHEREAS, the FIRST PARTY is a suitably planned business entity under the laws of the _________________________and is busy in the business of franchise marketing service & Consultancy. is sole software owner, same for the host server instance, and the franchiser only has use of the Sole Owner's Software, during strictly the duration of this Franchise Contract.
The Franchiser assumes all risk and liabilities from all use of the Software, including any tort, legal or court expenses, loss of service for any reasons, which are many, including internet connection problems, overloaded host server traffic, intermittent loss of data feed, in summary, the Franchiser assumes all risks from use of the Software, and any kind of data loss, Software glitch, connectivity or data loss or inaccuracies of price quotes, or any/all forms of any difficulties which may or cause any form of loss of functionality or proper trading function.
Further, the Software remains and resides only on the hosted instances of the Franchisee, and under no cases will any host server software or any copy of same, be copied, altered, reverse engineered, or in any way be considered but rented by the Franchiser, during the time of his Franciser Business contract only. The Sole Franchisee Owner reserves the Right to cancel any form of contract at any time, for any reason, without giving any form of due cause to the Franchiser. In any such event, the Host Server Owner will keep all proceeds from the Franchiser's business, as he deems necessary to cover all costs of hiring and sponsoring any Franchiser with whom there is any form of disagreement, from which any Franchise Contract can be unilaterally cancelled, as Sole Franchisee sees fit, to maintain the profitability and reduce losses, which will be likely the most common reason for any such action. This especially applies to any VAT or other taxes and/or other due and payable bills, invoices, taxes, permits, licenses, or any other expenses due and payable for which the Franchiser has spent said funds, or failed to perform fudiciary managing of funds, so as to not be able to pay all expenses on time, when due, and also maintain a healthy profit, except for lack of enough customer business income, in which case Sales revenue is not enough to cover all expenses when due and payable. In any such case, the Franchisee reserves the Right to close said Franchiser, based on the state of lack of adequate Sales Income to pay all business expenses, taxes, and all other due and payable expenses incurred from operation of said business for any given Franchiser. In no case or circumstance will the Franchisee own or be responsible for any expenses owed, liabilites, taxes, invoices, nor will there be any form of Ownership of the Franchiser business or either his profits, expenses or losses, neither any court judgements, or any form of civil tort or other litigation the Franchiser may end up having to deal with, including any/all legal fees, or any of his business transactions, either with profit or loss. Neither Party will be in any part of each other's business, have any ownership rights in any part, by either Party, except the exact fees the Franchiser agrees to pay to the Prime Owners, Accountant, all VAT and any other taxes or fees, or as the Accountant deems due and payable to maintain profitability, and keep the business an ongoing concern.
WHEREAS, the FIRST PARTY hereby makes agreement to go into a FRANCHISE Agreement with the SECOND PARTY in the settings of a franchise outlet chiefly described as follows:
Franchise: ________________________________________________________________________
__________________________________________________________________________
According to the chosen area of the SECOND PARTY which is available in the commercial areas, without injustice to any proposal by the FIRST PARTY considered best for the SECOND PARTY’S interest;
NOW, THEREFORE, for and in consideration of the foregoing premises, the parties have agreed to strictly comply with the following terms and conditions, to wit:
1. The FIRST PARTY hereby honors the Franchise Rights to the SECOND PARTY originating on the signing thereof.
2. Franchise fee – The Franchise Fee shall be__7%TO PHILIP MCDAVID,+ 7% TO EVENGY-PARYGIN, + 5% SERVER/TECHNICAL SUPPORT SERVICES FOR HOST SERVER-MAINTANENCE-AND-LEASING-FEES,_) for the establishment and operation of one (1) Franchise outlet. Further, Franchise Fee shall form and part of Business Consultation effective form signing of this contract. FRANCHISE FEE IS NON-REFUNDABLE.
3. Duration – This agreement shall be effectual for a period of _AS LONG AS MUTUALLY AGREED_CANCEL AT END ANY BILLING CYCLE ONLY, NO REFUNDS FOR PRIOR CHARGES._____ (_______) years. The beginning of the __________ (_______) year period shall be reckoned from the date of opening or upon delivery by mail. Upon signing off the Franchise outlet
4. Individuality of Franchise Site –The FIRST PARTY shall not set-up another Franchise outlet within the Five Hundred Meter (500) radius of the SECOND PARTY’S designated location. Exclusion to this are outlets located within buildings, schools and malls.
5. Provisions
The SECOND PARTY shall provide the following:
a) all computer software, office equipment, commplete employee salary and
b) all related expense and withholding as needed by laws, and the Franchisee will provide the Host Server Instance, and software used in operation for Algorithmic Trading in the operation of the business.
c) All necessary equipment not included in the Franchise Fee.
7. Exclusivity clause – SECOND PARTY makes agreement that all products/ services and other such products services bearing the FIRST PARTY or its ascribed suppliers are exclusive property of ATE, LLC for exclusive use of our subscribers only, no other use permitted.
According to the chosen area of the SECOND PARTY which is available in the commercial areas, without injustice to any proposal by the FIRST PARTY considered best for the SECOND PARTY’S interest;
THAT THIS MUTUAL AGREEMENT SHALL HAVE FOLLOWING MAIN PROVISIONS AS FOLLOWS TO BE INCLUDED FOR EACH NEW FRANCHISE DOWNLINE SPONSORED OWNER APPLICANT, OR THAT NON-SPONSORED WILL BECOME DOWNLINE OF TWO MAIN OWNERS OF THE COMPANY ACCORDINGLY PAYING EACH 3.5%, WHICH WOULD OTHERWISE GET PAID TO THEIR UPLINE FRANCHISE SPONSOR, & THAT SOFTWARE WILL BE CONFIGURED BY OWNER’S UPLINE MANAGER TO INCLUDE CHAINED PAYMENTS AS FOLLOWS: downline franchise biz applicant for which this contract application is made, named ________________, with paypal email______________, that 34% of $300USD subscription fee, will be paid for each transaction, to franchiser biz owner, and that 40% OF $300 (+ $75VAT usd )EQUIVALENT FOR VAT TO SEPARATE PAYPAL ACCT FOR EACH SUBSCRIBER CHARGE as per below, ALSO DIRECT PAYMENTS OF 7%OF$300 EQUVILANT TO FOLLOWING: MAIN DEVELOPERS PhilMcDavid, paypal Evendor21703@yahoo.com, & 7% TO Evengy Parygin Support@fxdiler.com, a 5% Server & Tech Maintanence Fee of 5% to Evendor210703@yahoo.com, of $375 USD equivalent to downline franchiser’s accountant, and 40% go to separate (VAT taxes, biz licenses, accountant fees) paypal account paypal email ____________________ controlled by independent accountant ______________, hired by Sponsoring Franchiser, name_______________, paypal email ____________who gets 7% per CC subscriber transaction, to be paid to Downline Franchiser Applicant, only when/if there is a sponsoring franchiser as upline, otherwise, if franchiser applicant comes on his own, then Sponsoring Franchiser 7% gets devided between two main partners, as 3.5% per each, (and for Sponsored Franchisers, who pay 7% to their upline Franchise sponsor, will then get paid 7% in turn from each Franchiser Biz Owner who they in turn sponsor in as their own downline also, then they will get paid 7% per each subscription transaction, which will be their own incentive to market the franchise and make big profits from passive income stream they will get from thier own down line Franchisers who they sponsor.who in turn, will get same paid to him, by his own down line franchisers, whom he in turn sponsors as his own downline also, which then forms basis for his own constant income stream from all his own franchise owners he in turn sponsors as well, and so on.)
Entire business is set up so as to fairly commpensate everyone generously and provide plenty of incentive to where all can do very well, without feeling need to damage or grab someone else's region, area, or client customers. Any such behavior as that will be treated as most serious violation of entire business venture, and as instant grounds for loss of their own franchise biz. Thier territory/region will then be sold to others who act honestly without greedy behavior, as all are very well compensated, so there is no reason for anyone to have any bad experience. This gets back to clients, and when all are happy, customers can tell, and spread by word of mouth.
8. Use of Name and System – During the affectivity of this Franchise agreement, the SECOND PARTY can use the decided franchise name/s, as priduct business system developer, include name in their advertising, etc, but each franchise owner must own their own business completely separate as an independent contractor, especially for VAT tax payments to their local tax collection jurisdiction, and engage in their own subscriber account transactions, according to payments terms stated in above payments section,, and engage in all business transaction related to the products and services carried by the FIRST PARTY, strictly as relates to their own business transactions with their own clients.
9. Transfer of Technology – FIRST PARTY shall keep side by side the SECOND PARTYON THE CONTINOUS DEVELOPMENT OF Products or Services and shift thereof, including product development, for the benefit of the SECOND PARTY. Upon accepting this agreement, it is implicit that trade secrets and business system have been transferred to the SECOND PARTY by way of exchange and receipt of a copy of Business Manual of Orientations for this purpose.
10. Manpower Support- FIRST PARTY shall supply product information support through ATE,LLC email,Company and obligatory benefits shall be tolerated by the SECOND PARTY.
11. Marketing Consultation: _ATE,LLC Company shall help the SECOND PARTY in making local marketing plan.
12. Insurance – The SECOND PARTY shall create inclusive fire coverage for the equipment and all other parts thereof.
13. Supplies – All supplies or direct material and/or additional equipment needed by the SECOND PARTY will be purchased by the franchiser biz owner at his/her own expense.
14. Right of First Option- The SECOND PARTY shall get OK before picking up any new franchise regions for doing more business, from his upline franchise manager, same as he will do for his own downline, as he/she establishes franchise owner/operators he in turn sponsors, who then pay him 7% for each subscription CC charge which they have go thru their own host server also, and from each their respective downline franchise owner/operators, who must follow same agreement, or lose their franchise. Each franchise owner will have their host server set up for them by main owners upon request, with signed agreement paperwork, which main owners can then confirm, from corresponding reference information each franchise sponsor sends to apply for new franchise owners under him he sponsors as part of his/her own downline in turn. No regions can overlap with others regions. You are responsible to be sure this is not the case, to avoid squabbles over who “owns” any new subscribers! If you do not keep squabbles managed you will lose your own franchise rights! We do not want poor biz managers! Make sure you keep all in order, maintain control of your entire franchise downline, so all goes well, and all make great profits. There is no excuse for poor management which only brings bad word of mouth and loss of client customers.
15. Transferability of Franchise- the SECOND PARTY may allocate or reassign the franchise if the transferee possesses all the experience set by the FIRST PARTY. This right shall be exercised by the FIRST PARTY before cancellation of the contract ending of Franchise Agreement.
a) transfer of location
b) transfer of rights
16. Maintenance Clause- The SECOND PARTY shall be accountable to uphold its vent in agreement to the FIRST PARTY’S standard of operations. SECOND PARTY shall be liable for all alterations, upgraded and upholding needed by the outlet based upon the FIRST PARTY/S suggestions.
17. Termination of Contract – the Franchise Agreement may be abolished only after _____ (______) years of operation. The FIRST PARTY has the solitary power to finish the agreement even on the prior date. The right to the FIRST PARTY to abolish the agreement may arise only if the SECOND PARTY breaks any or all standard operating procedures set forward on this contract, in particular payment of royalty fees or other accounts due to the previous. The cancellation shall be done after _____ (xx) days notice of cancellation. If the SECOND PARTY wishes to finish this agreement before the franchise period, he/she shall be charge half (1/2) of the amount of the franchise fees unless the SECOND PARTY exercised his option under section ______ which is a obligatory condition before any cancellation be undertaken.
18. Post- Contract Clause – within _____ (x) years after the termination of the period of this agreement, the SECOND PARTY assumes not to connect in similar business of the FIRST PARTY.
19. Venue – Any d all action or actions arising or in connection with the prior agreement shall be filled wholly at the appropriate courts of stated City.
20. Other matters – All other matters not enclosed by this agreement shall be subject to the agreement in writing by the parties.
IN WITNESS WHEREOF, the parties have hereunto signed this instrument this ________day of ___________________20_______.
________________________________ ________________________________
Witness Signature Witness Signature
________________________________ ________________________________
Witness Signature Witness Signature
