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Casual Articles - Mobile Based Franchising and Liability Insurance Issues in Franchising Agreements
Why do so many people post their resumes on the Internet when the rate of success is actually LOWER than finding a job with classified advertising in a local newspaper?Actually, according to the ever-popular book, “What Color is Your Parachute?” the success rate for sending out your resume randomly to employers (and getting a job offer) is actually higher than securing the position of your choice through an electronic resource. The rate is somewhat highe
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional in
Are you happy where you are today? The number of folks who appear completely happy in their present career seems very low from all that I read across the news -- TV; newspapers; magazines, Internet websites, etc.Maybe it's just a temporary thing. Instant gratification is more the norm today than ever before. We want it NOW, not later. It's a learning curve for the new graduates from high school and college before reality sets in for the long haul wor
It is for this reason that in my franchising agreements are decided to spend special attention to the clauses regarding insurance, limits of liability and operations of vehicles in the franchise business. Below is a copy of the clause that I inserted into our franchise agreements;
3.21 Insurance
3.21.1 Limits of Liability
Prior to the commencement of any operations under this Agreement, Franchisee must maintain, at their sole expense, a business liability, comprehensive and completed operations insurance policy or policies in accordance with standards and specifications set forth in the Confidential Operations Manual, which must include at a minimum the following coverage:
(a) Comprehensive general liability insurance, in the amount of $100,000 bodily injury per occurrence and $50,000 property damage per occurrence;
(b) Vehicle insurance in the amount of $100,000 single limit, including comprehensive and collision;
(c) Worker’s Compensation and Employer’s liability insurance (if Franchisee has employees); and
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional ins
If you love animals, then you might want to think about starting a job working with animals. However many people just think of veterinarians when they think about working with animals. Veterinarians are not the only way that you can get a job working with animals. Many other different kinds of jobs are out there to work with animals. Some of the other job categories working with animals are care and conservation of wildlife, zoos, and animal training.
It is for this reason that in my franchising agreements are decided to spend special attention to the clauses regarding insurance, limits of liability and operations of vehicles in the franchise business. Below is a copy of the clause that I inserted into our franchise agreements;
3.21 Insurance
3.21.1 Limits of Liability
Prior to the commencement of any operations under this Agreement, Franchisee must maintain, at their sole expense, a business liability, comprehensive and completed operations insurance policy or policies in accordance with standards and specifications set forth in the Confidential Operations Manual, which must include at a minimum the following coverage:
(a) Comprehensive general liability insurance, in the amount of $100,000 bodily injury per occurrence and $50,000 property damage per occurrence;
(b) Vehicle insurance in the amount of $100,000 single limit, including comprehensive and collision;
(c) Worker’s Compensation and Employer’s liability insurance (if Franchisee has employees); and
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional in
Procurement refers to the acquisition of goods or commodities by an individual, organization, company, or institution. Most companies have a procurement process in place on a contractual basis. The majority of these contracts specify the lease and time for which these companies will work for a particular client. They are a great assistance to associations that cannot set up their own e-procurement services without delay.A procurement contract is suitable
3.21 Insurance
3.21.1 Limits of Liability
Prior to the commencement of any operations under this Agreement, Franchisee must maintain, at their sole expense, a business liability, comprehensive and completed operations insurance policy or policies in accordance with standards and specifications set forth in the Confidential Operations Manual, which must include at a minimum the following coverage:
(a) Comprehensive general liability insurance, in the amount of $100,000 bodily injury per occurrence and $50,000 property damage per occurrence;
(b) Vehicle insurance in the amount of $100,000 single limit, including comprehensive and collision;
(c) Worker’s Compensation and Employer’s liability insurance (if Franchisee has employees); and
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional in
Is it possible to design the Perfect Civilization and then franchising it World Wide; calling it the World Franchise System? Could we do this by making our own civilization perfect and then using it as a model? SimCity on steroids if you will.Perfect the required systems of the civilization first like; Water, power, infrastructure, schools and get World Bank Financing, trade and distribution points, communication, fixing of humans (healthcare), etc. It ca
(a) Comprehensive general liability insurance, in the amount of $100,000 bodily injury per occurrence and $50,000 property damage per occurrence;
(b) Vehicle insurance in the amount of $100,000 single limit, including comprehensive and collision;
(c) Worker’s Compensation and Employer’s liability insurance (if Franchisee has employees); and
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional in
When we're looking for work, we read job announcements, newspaper classifieds, and online descriptions carefully, concentrating on every word. Too often, we see that a particular skill or certain experience is sought.With a sinking feeling, we realize that we don't have exactly what the employer is looking for and, regretfully, move on. But wait a minute! Job announcements are written to include everything the employer would like to have, not necessarily
(d) Equipment insurance for the value of all The Car Wash Guys equipment. If Franchisee finances the equipment, the lending institution may also require Franchisee to maintain fire/theft/comprehensive insurance for the value of that equipment.
3.21.2 Additional Insured
Franchisor shall be named as an additional insured under all insurance policies, as its interests may appear, and contain a waiver by the carrier of all subrogation rights against Franchisor. Maintenance of insurance under this paragraph shall not relieve Franchisee of liability under the default provisions set forth in this Agreement.
3.21.3 Other Requirements
Franchisor may, at its discretion, change the required coverage and the limits of liability for Franchisee’s insurance during the term of this Agreement. Franchsior may require Franchisee to increase the minimum limits of coverage to keep pace with regular business practice and prudent insurance custom. In the event Franchisor does this, Franchisee may be paying a higher or lower premium.
The insurance will not be limited in any way because of any insurance Franchsior maintains. The insurance will not be subject to cancellation except upon twenty (20) days' written notice to Franchsior. Certificates of Franchise’s insurance policies will be kept on deposit with Franchisor. Maintenance of the required insurance will not diminish Franchisees liability to Franchisor under the indemnities contained in this Agreement.
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If you run or operate the mobile franchise company you must pay attention to the insurance issues and make sure you or additionally insured to prevent risks to your financial health as a franchisor. You will need to contact the franchise attorney to make sure the clause in your contracts is up-to-date, considers all the recent case law and i
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