Branch Shareholder/Franchise Agreement
Budget: $30 – $250 USD
The company ((X)) Owns 100% of shares by (Mr.1) , (Mr.1) Created a business (Y) and wants to make it a brand.
(Mr.1) Needs to sell the shares of the business ((Y)), but remain owner of the brand. He founds a buyer of shares ((Mr.2)) and both agrees to keep the brand for (Mr.1) and let the business be owned 95% to ((Mr.2)), (Mr.1) Keeps 5% as he is responsible for the whole branding, policies and manuals, SOP for the company to follow.
The company ((X)) is to be 95% for ((Mr.2)) , but have no power on the brand or structure of company < meaning if (Mr.1) if would want to open a new business in the future (Z) that carries the same shop name as (Y), then ((Party-2)) wont have the power to object or to own or to acquire the new business (Z)
I require an agreement to include these details
(Mr.1) Needs to sell the shares of the business ((Y)), but remain owner of the brand. He founds a buyer of shares ((Mr.2)) and both agrees to keep the brand for (Mr.1) and let the business be owned 95% to ((Mr.2)), (Mr.1) Keeps 5% as he is responsible for the whole branding, policies and manuals, SOP for the company to follow.
The company ((X)) is to be 95% for ((Mr.2)) , but have no power on the brand or structure of company < meaning if (Mr.1) if would want to open a new business in the future (Z) that carries the same shop name as (Y), then ((Party-2)) wont have the power to object or to own or to acquire the new business (Z)
I require an agreement to include these details