TERMS OF FRANCHISE CONTRACT Franchiser will provide:
The franchiser fixes the MRP of each product and the franchisee has to sell the product at the said MRP price only. Out of the said MRP price an amount of 15% is fixed as the share of profit for the Franchisee. The franchisee is entitled to retain such share of profit with him on daily basis and the proceeds of balance amount as collected have to be deposited into the Bank account of the Franchiser on daily basis. Such amount deposited by the franchisee will be accounted as payment against the stock supplied by the franchiser. Accordingly on receipt of the sales report fresh stocks will be supplied.
French Perfume Co.