VI. Franchisor visit to proposed Franchisee Location

Key personnel from Chicking HQ will visit the proposed Franchisee location. Key considerations during this visit will be market environment, staffing solutions, raw material sourcing and proposed outlet specifications.

VII. Approval of Franchise Application/Location

A formal Franchise approval letter will be provided to the prospective franchisee

VIII. Memorandum of Understanding

The Memorandum of Understanding shall be signed by both Franchisor and Franchisee as a first step towards the signing of the Franchisee Agreement. The main activities include:

• MOU 30 days prior to the signing of the Franchise Agreement.
• 10% payment of the non-refundable Franchise Fee to be paid upon signing of MOU.
• Franchisor shall furnish the prospective Franchisee with:
• List and cost of equipment and machinery required for the Franchisee outlet.
• Draft Franchise Agreement.