Development Agent Agreement Example ONLY

DEVELOPMENT AGENT AGREEMENT

THIS AGREEMENT (“Agreement”) is made and entered into, by and between ABC SYSTEMS XXXXXXXXXX  (the "Company"), a XXXXXXX XXXXXXX corporation, with its registered office in care of XXXXXXX Solicitors, XXXXXXXXXXXXXXXX an , an individual or individuals (collectively, the "DA"), having a place of business at. 

This Agreement supplements and amends all existing Agreements, if any, between the parties on the subject matter hereof.

R E C I T A L S:

A.  The Company has licensed certain proprietary and other rights and interests in various service marks, trademarks, trade names, trade dress and goodwill used in its business including the trade name and service mark ABC from ABC Associates Inc., a XXX corporation and an affiliate of the Company (“Licensor”).

B.  The Company operates and franchise others to operate restaurants under the trade name and service mark ABC(“Restaurants”) using certain recipes, formulas, food preparations procedures, business methods, business forms and business policies it has licensed.  The Company has also licensed a body of knowledge pertaining to the establishment and operation of Restaurants.

C.  The DA acknowledges that he understands his success depends primarily upon his efforts and that neither the Company nor its affiliates nor any of the employees, agents or representatives of the Company or its affiliates have made any oral, written or visual representations or projections of actual or potential sales, earnings, income, net or gross profits.  The DA understands that he may lose money or fail.