STRICTLY CONFIDENTIAL LETTER OF INTENT BETWEEN ‘Beautiful people health solutions Pvt Ltd’ ‘(SOOPER)’ (The Franchisor) AND (The Franchisee) Dear Sir, LETTER OF INTENT: ‘Beautiful people health solutions Pvt Ltd’ (SOOPER)’ FRANCHISE AGREEMENT for Mr/Ms Further to our recent discussions, we are writing to record the principal terms and conditions on which ‘Beautiful people health solutions Pvt Ltd’ (FRANCHISOR), is willing to grant The Franchise of ‘SOOPER’’ ToMr/Ms
Pancard No. ___________(The Franchisee) to invest in Salon
industry at their selected site located in Hyderabad (Telangana) subject to the agreement and execution of detailed, legally binding agreement. This letter of intent records the good faith understanding of the parties as on the date of execution. 1. Basic Terms TYPE of CONTRACT Term The Franchise Fee Setup Cost and initial Stock Operational Expenses (Rent and miscellaneous) Equipment Selection Payment Terms Lease deposit
THE FRANCHISE AGREEMENT 5Years 3 Lakhs (plus Service Tax of 18%) To be borne by Franchise To be borne by Franchise To be done by The Franchisor and borne by Franchise To be borne by Franchise To be borne by Franchise
Recruitment & Staff Training Marketing
To be done by The Franchisor To be done by The Franchisor
2
Governing law and Jurisdiction This letter is governed by and will be construed in accordance with Indian Law and the parties agree to submit the exclusive jurisdiction of the Hyderabad Courts.
3
Confidentiality ‘Beautiful people health solutions Pvt Ltd.’ and Mr. each acknowledge that (1) the terms and existence of this letter of intent are confidential; and (2) during the course of negotiations for this letter of intent and for the detailed documentation referred to in this letter, information concerning the business of each of the parties will be disclosed to the other (together the “Confidential Information”). Each party agrees to keep the ‘Confidential Information’ disclosed to it confidential, to use it only for the purposes of evaluating the detailed documentation and to disclose it only to those of its employees, representatives and advisors as shall be necessary for the purpose of evaluating the documentation and then only on terms that it shall be kept confidential. Information which is in the public domain other than by breach of confidential obligation shall not be considered ‘Confidential Information’ for the purpose of this paragraph. Nothing in this paragraph shall prevent disclosures as required by applicable law or competent regulatory authority.
Please sign the copy of this letter where indicated below to acknowledge agreement to its terms. Kind Regards, SIGNED ______________________________
SIGNED ______________________________
Ms. Sridevi Reddy
Mr/Ms ________________________________
Beautiful people health solutions Pvt Ltd. DATE: _______________________________
DATE: _______________________________