Michigan Unit Franchise Agreement

State:
Multi-State
Control #:
US-2-02-3-STP
Format:
Word
Instant download

Description

This form provides that a certain company is the owner of proprietary rights and interests in and to the "ABC" name and other trademarks which the company may authorize or direct the franchisee to use in connection with the franchised business. The company grants to the franchisee a license to use and display certain trademarks for the operation of one restaurant at the location described in the terms of the agreement.
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FAQ

This legislation, known as Public Act 480, or more commonly known as the "Uniform Video Services Local Franchise Act", creates a uniform franchise agreement that is to be used between each franchising entity and video provider in the state of Michigan.

Michigan is a Franchise Registration State, but unlike other registration states Michigan does not review the FDD and requires only the filing and registration of a notice.

A franchise agreement is a contract between a city or county and its utility that lays out how the utility can operate on public property.

Local franchise means the right granted by the city to a franchisee to provide Video services and/or construct, maintain and operate a cable system under, on, and over streets, roads and all other public ways, easements and streets within all or specified areas of the city.

Michigan is considered a franchise registration state. However, unlike other registration states, Michigan is a ?notice? state and does not review a franchisor's disclosure documents. Michigan charges a $250 fee for registration, which must be done annually.

The Notice of Intent must: Include the name of your franchise company; Include the principal business address of your franchise company; Briefly describe the franchised business; and. Include a check in the amount of $250 payable to the "State of Michigan."

A Utility Franchise Fee is essentially rent being paid by a utility to a city or county for the use of their rights-of-way. The typical utilities that pay franchise fees are electric, natural gas, telephone, video/cable, waste hauler, and water utilities.

The franchise agreement is a legally binding contract. It sets out the rules of the franchising relationship that both the franchisor and franchisee have agreed to.

Local franchise means the right granted by the city to a franchisee to provide Video services and/or construct, maintain and operate a cable system under, on, and over streets, roads and all other public ways, easements and streets within all or specified areas of the city.

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Michigan Unit Franchise Agreement