Firm Lab

Item 11

We reserve the right to have remote and independent access to your revenue information, inventory levels, and client data generated by and stored in your computer system.

Franchise agreement

Within thirty (30) days after the close of each calendar quarter and within ninety (90) days after the close of each fiscal year, Franchisee will furnish Franchisor a full and complete written statement of income and expense and a profit and loss statement for the operation of the Franchised Business during said…

Item 8

We are the sole, designated supplier of all professional back bar products necessary to facilitate the services offered, all private label products for retail sale and certain linens, including lab coats, as well as an introductory merchandising package and the introductory marketing products/interior signage you…

Item 8

In the fiscal year ended December 31, 2023, we did not receive any revenue from required leases or purchases.

Item 8

We estimate that your purchase or lease of products, supplies and services from approved suppliers (or those which meet our specifications) will represent approximately 50% to 60% of your costs to establish your Franchised Business and approximately 20% to 30% of your costs for ongoing operation.

Item 8

If you request that we approve a proposed item or supplier, we reserve the right to charge you a fee equal to our actual costs of inspection and testing.

Item 8

If you would like us to consider another item or supplier, you must make such request in writing to us and have the supplier give us samples of its product or service and such other information that we may require.

Franchise agreement

Franchisee, at the option of Franchisor, shall assign to Franchisor all rights to the telephone numbers of the Franchised Business and any related public directory listing or other business listings and execute all forms and documents required by Franchisor and any telephone company at any time, to transfer such…

Item 6

We may establish quality assurance programs conducted by third-party providers, such as, by way of example only, mystery shop programs and periodic quality audits, to monitor the operations of your Franchised Business.

Item 17

Modification of the agreement Sections 9.4, 14.6, No oral modifications generally, but we may 19.1.4 and 21.4 change the Operations Manual and System standards at any time.

Item 11

Before you open your Franchised Business, we will: a. provide you with site selection guidelines and approve a location for your Franchised Business.

Franchise agreement

Franchisee shall not establish any website or other listing on the Internet except as provided and specifically permitted herein.

Franchise agreement

Franchisee shall conduct a grand opening marketing campaign in the Territory in which Franchisee must spend a minimum of Fifteen Thousand Dollars ($15,000.00) on marketing, promotion, and awareness-generating activities within the thirty (30) days prior to opening and the first ninety (90) days after the opening of…

Item 11

Thereafter, you are required to spend at least 2% of monthly Gross Revenue on advertising for the Franchised Business in your territory.

Item 8

You must purchase all equipment, fixtures, inventory, supplies and services from our designated suppliers and contractors or in accordance with our specifications.

Item 8

You must purchase all equipment, fixtures, inventory, supplies and services from our designated suppliers and contractors or in accordance with our specifications.

Item 8

You must purchase and use the hardware, software, credit card processing system and computer platforms we specify.

Franchise agreement

Franchisee shall, together with the submission of the Gross Revenue Report, pay Franchisor the Royalty Fee and the Brand Fund Contribution, as defined 7 Firm Lab Franchise Agreement 2024 i and more particularly described in Article 13, then due.

Franchise agreement

Employ sufficient employees as prescribed by Franchisor to operate the Franchised Business at its maximum capacity and efficiency as required by Franchisor;

Item 8

You must purchase and use the hardware, software, credit card processing system and computer platforms we specify.

Item 11

We reserve the right to have remote and independent access to your revenue information, inventory levels, and client data generated by and stored in your computer system.

Item 11

We reserve the right to impose a reasonable fee for tuition and/or attendance for all additional training programs, including the annual business meeting or conference.

Franchise agreement

Franchisee’s failure to attend and/or complete mandatory additional training or failure to attend Franchisor’s national business meeting or annual convention is a default of this Agreement.