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Promotion Fees
PROMOTION FEES
The franchiser, [Name of the franchiser], and the franchisee, [Name of the franchisee], as set forth in their franchise agreement on [Date of the agreement] and as witnessed by [Name of the witness], have agreed to the following additional terms and conditions:
It will be the responsibility of the franchisee to compensate franchiser the following percentage of gross sales [Percentage of gross sales], to be paid on the following payment schedule [Payment schedule].
These specific funds will be used solely and entirely for the use of promotional and advertising of franchisees outlet. Gross sales will be defined as aforementioned.
Franchiser Dated
Franchisee Dated
Witness Dated
Witness Dated