Gurukul Abacus & Vedic Mathsgurukulabacus.com/Gurukul_Franchise_Agreement.pdf · GURUKUL ABACUS &...

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Gurukul Abacus & Vedic Maths FRANCHISE APPLICATION FORM The following information is the basis of your franchise application. The submission of the application does not obligate GURUKUL, or you, in any way. GURUKUL will rely on the information provided to evaluate your application to acquire a franchise. o In case you wish to provide additional information, please attach a separate sheet. o Please answer all questions and use “Not Applicable”, if necessary. Franchise Sought: Abacus Abacus Training Vedic Maths The Vedic Mathematics Name: ____________________________________________________________________ Postal Address: ___________________________________________________________ ___________________________________________________________________________ City/Town: _________________________________ State: _______________________ Residence Phone Number: ____________________ Mobile: ____________________ Email Address: ___________________________________________________________ Birth Record: Place _______________ Date: ____________________ Age: ______ Languages spoken fluently: _______________________________________________ EDUCATIONAL QUALIFICATION (Beginning with the most recent) Qualification Year of Passing Name of Institution

Transcript of Gurukul Abacus & Vedic Mathsgurukulabacus.com/Gurukul_Franchise_Agreement.pdf · GURUKUL ABACUS &...

Page 1: Gurukul Abacus & Vedic Mathsgurukulabacus.com/Gurukul_Franchise_Agreement.pdf · GURUKUL ABACUS & VEDIC MATHS Is in no way concerned with such litigation. 6. The Franchisee shall

Gurukul Abacus & Vedic Maths

FRANCHISE APPLICATION FORM

The following information is the basis of your franchise application. The

submission of the application does not obligate GURUKUL, or you, in any

way. GURUKUL will rely on the information provided to evaluate your

application to acquire a franchise.

o In case you wish to provide additional information, please attach a

separate sheet. o Please answer all questions and use “Not Applicable”, if necessary.

Franchise Sought:

Abacus – Abacus Training

Vedic Maths – The Vedic Mathematics

Name: ____________________________________________________________________

Postal Address: ___________________________________________________________

___________________________________________________________________________

City/Town: _________________________________ State: _______________________

Residence Phone Number: ____________________ Mobile: ____________________

Email Address: ___________________________________________________________

Birth Record: Place _______________ Date: ____________________ Age: ______

Languages spoken fluently: _______________________________________________

EDUCATIONAL QUALIFICATION (Beginning with the most recent)

Qualification Year of Passing Name of Institution

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CAREER HISTORY (Start with your most recent employment)

Dates – From & To Employer Position held

THE PROPOSED CENTER

Where do you intend to set up the Training Center? ___________________________________________________________________________

Are your premises in a Residential or Commercial Area? ___________________

Are your premises owned or leased? ____________________________________

The Sq. feet area within which you plan to start a Training Center: _____Sq ft.

Who will look after the Center? (Myself/Family Member/Administrator) _________________

What income-group of people reside within 3 Kms radius from where you intend to start the center? (High/Middle Lower Middle/Mixed) ____________

Names of two schools in your area that you wish to approach: ___________________________________________________________________________

GENERAL

Why are you interested in setting up a Training Center?

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

What efforts / initiatives would you put in to make this business a success?

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

Date: _____________________ Signature: ______________________

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Please Sign on all the pages (pages 1-8) And send with application form

Gurukul Abacus & Vedic Maths

Business Rules The Gurukul Abacus & Vedic Maths Business Rules are related to the business opportunity to run Gurukul Abacus & Vedic Maths (Abacus ,

Vedic Maths) Program and are aimed at observing and upholding the highest standards of conduct. It enshrines the rights, duties and

responsibilities of the GURUKUL ABACUS & VEDIC MATHS Franchisee. They are intended to preserve and protect the right and benefits available to the Franchisee under the GURUKUL ABACUS & VEDIC MATHS Business

Plan. With this in view GURUKUL ABACUS & VEDIC MATHS Reserves to it self the sole right to amend, adopt, rescind all or such portion of the rules as necessary to further promote these objective. Since the GURUKUL ABACUS

& VEDIC MATHS Business must be conducted in accordance with all applicable laws & regulations, the business rules are in addition to and not

in substitution of the laws of the land which the GURUKUL ABACUS & VEDIC MATHS undertakes to uphold. The Business Rules determine the relationship between GURUKUL ABACUS & VEDIC MATHS And the

GURUKUL ABACUS & VEDIC MATHS As also the relationship between Franchisees. There are 28 rules as listed here. This document supercedes all

previous documents.

(Signature of Applicant)

Gurukul ===================================

Abacus & Vedic Maths Plot No.32/A, Amrut Nagar, Near

Bhosale Apartment,Sarnobatwadi A/p : Kolhapur, Dist : Kolhapur ( M. S.) India

Tel:(0231)2653686, Mob:9762241708 www.GurukulAbacus .com

.

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General 1. All franchisees will sign the agreement with GURUKUL ABACUS & VEDIC

MATHS and payment towards stock should be made to GURUKUL ABACUS & VEDIC MATHS Only, (cash/DD/cheque) services will be provided either

from company of MASTER FRANCHISE (If available) and all course material, etc. will be supplied directly from GURUKUL ABACUS & VEDIC MATHS Or from Master Franchise.

2. The company will provide the initial promotional material (for Abacus,

Vedic Maths), Banner Soft Copy (2x3) , templates Soft Copy , Visiting Cards

1000 quantity , and promotional CD after completing the training.

3. The franchisee shall ensure that nothing is done or omitted to be done by

the Franchisee, which may affect the reputation of GURUKUL ABACUS & VEDIC MATHS In the field of training and education or otherwise.

4. The expressions and terms used herein shall also have the meaning

assigned to them in the GURUKUL ABACUS & VEDIC MATHS Business plan and other official literature. In the event of discrepancy or dispute the GURUKUL ABACUS & VEDIC MATHS Business Rules shall prevail. It is

further clarified that all reference to the GURUKUL ABACUS & VEDIC MATHS Business Rules, the GURUKUL ABACUS & VEDIC MATHS Business

plan and other documents include amendments published or notified to Franchisees from time to time by GURUKUL ABACUS & VEDIC MATHS

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Name of the franchisee Center Rule 2 You have to run the Franchisee center in the Name of any academic and education name. (e.g. - Wonder Academy, Smart Classes) with the banner of

Gurukul Abacus & Vedic Maths

Registration Rule 3 In order to become a Franchisee, the prospective Franchisee must fill out an application form .The application forms can be procured from GURUKUL ABACUS & VEDIC MATHS

Registration can be done in the name of self, proprietorship firm, Partnership firm, or private or limited company. GURUKUL ABACUS & VEDIC MATHS Reserves the right to reject any application for registration or

renewal as Abacus, Vedic Maths Franchisee

Expiry and Renewal Rule 4 A Franchisee’s initial agreement will be renew every year. The renewable is subject to submission of an application for renewal at least 30 days before the expiry, along with the Franchise. In case the renewal fee is not received

within the specified time a fine of Rs. 50/- per day will be imposed during the period of delay. GURUKUL ABACUS & VEDIC MATHS has the right to

cancel the Franchise if this delay continues even after 30 days.

Resignation Rule 5 A Franchisee may resign at any time. The notice of the resignation becomes effective upon receipt by GURUKUL ABACUS & VEDIC MATHS In the event of resignation; a Franchisee shall have the liability to complete the course, if

any course is incomplete for any student.

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Royalty & Franchise Registration fee & Renewal fee: Rule 6

“Zero” Royalty Program We are very proud to offer you “Zero” Royalty Program. It means Whatever Fees your will collect from Students for any Courses (Abacus or Vedic Maths), You Never have to pay 20% or 30% fees as a Royalty. You keep 100% fees with you. =====

Franchise Registration fee To grab this opportunity As Unit Franchise One Time Non-Refundable Franchise Registration fee will be

Rs. 10,000 ($ 250) For Vedic Maths only

Rs. 20,000 ($ 500) For Abacus only

Rs. 30,000 ($ 750) For Abacus & Vedic Maths =====

Franchise Renewal fee:

Rs. 10,000 ($250) For every Center Per Year.

=====

Study Material (Abacus & Vedic Maths) 20 Student Abacus Kits will be provided for free With Franchise Kit. Then after you can buy As many As you want. You can Order min 20 kits.

Abacus Kit have Contain-- Student Abacus, 16 Workbooks (A4-Size), Level

wise Test Papers Cost - Rs.500/kit . =====

20 Student Vedic Maths Kits will be provided for free With Franchise Kit. Then after you can buy As many As you want. You can Order min 20 kits

Vedic Maths Kit have Contain-- 2 Workbooks (A4-Size), Level wise Test Papers Cost - Rs.100/kit .

===== If Both programs will be started at once 10-10 Kits Extra will be provided for free

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Obligations of Applicants Rule 7

The only requirement of an applicant is submission of required documents with application form.

Conduct of franchisees Rule 8 1. A Franchisee cannot sell any item of GURUKUL ABACUS & VEDIC MATHS To anyone for resale. 2. Abacus Franchisee must not engage in activities, which may bring disrepute to GURUKUL ABACUS & VEDIC MATHS Or any GURUKUL ABACUS & VEDIC MATHS Products. They should comply with all requirements, guidelines, and instructions, which are issued by GURUKUL ABACUS & VEDIC MATHS Any in disciplinary

action performed by a Franchisee may result in the termination of the Franchise. 3. GURUKUL ABACUS & VEDIC MATHS Franchisees are independent franchisees operating their own business. They shall not convey the impression or refer to themselves as employees, agents, managers or representatives of GURUKUL ABACUS & VEDIC MATHS Not use such terminology on their stationery or other printed matter. The Franchisee shall indemnify GURUKUL ABACUS & VEDIC MATHS In respect of any costs or damages arising as a result of any such misrepresentation of his relationship with GURUKUL ABACUS & VEDIC MATHS 4. The Franchisees shall indemnify GURUKUL ABACUS & VEDIC MATHS Against all actions, claims, demands resections, penalties including costs of and not excluding GURUKUL ABACUS & VEDIC MATHS Legal costs, which might be made or brought against GURUKUL ABACUS & VEDIC MATHS In respect of or arising out of any breach integument or infraction of any laws regulation and codes of practice arising out of the operation of the GURUKUL ABACUS & VEDIC MATHS Business. GURUKUL ABACUS & VEDIC MATHS Shall not have any liability to any franchisee in respect of any loss, cost, damage or expense suffered directly or indirectly as a result of any act, omission, representation or statement of any other franchisee. 5. If any notice is received regarding any breach of any law, rule of regulation the franchisee shall at his own cost ensure that he remedies the breach and also give intimation there of to GURUKUL ABACUS & VEDIC MATHS At the earliest shall also ensure that he intimates to such issuing authority the relationship between the franchisee and GURUKUL ABACUS & VEDIC MATHS And also clarify that GURUKUL ABACUS & VEDIC MATHS Is in no way concerned with such litigation. 6. The Franchisee shall duly and punctually make payment of all amounts due and payable to GURUKUL ABACUS & VEDIC MATHS Under the GURUKUL ABACUS & VEDIC MATHS Business plan. Non-payment of any amount under this by the Franchisee to GURUKUL ABACUS & VEDIC MATHS Within the prescribed time shall be construed as an act of default and without prejudice to any other rights to recover such amount from the franchisee, GURUKUL ABACUS & VEDIC MATHS Shall also is entitled to terminate his franchise forthwith without giving any prior notice.

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Partnerships Rule 9

A. Partnership Firms

1. Franchisees can form legal partnerships.

2. In such a case registration would be in the name of the firm. 3. A copy of the Partnership Deed should be submitted along with the

application form.

4. The liability of the partners would be joint & several. 5. Any change in the constitution of the firm should be intimated to

GURUKUL ABACUS & VEDIC MATHS Along with the new partnership deed.

B. Hindu Undivided Family (HUF) 1. HUF as recognized in law can also become franchisees.

2. Any change in the constitution of the HUF should be intimated to GURUKUL ABACUS & VEDIC MATHS Immediately.

C. Joint Partnership (informal)

1. Two persons, spouses or otherwise can form a partnership.

Cost of Course materials Rule 10 The costs are as given in the order & payment form and they are subject to

change from time to time without prior notice.

Rule 11 The courier charges of course material will have to be borne by the franchisee.

Rule 12 : Misrepresentation and indemnity

A Franchisee shall not in any way make a representation indicating financial benefits a Franchisee or a prospective franchisee may get from participation in the GURUKUL ABACUS & VEDIC MATHS business unless it has the

written approval of GURUKUL ABACUS & VEDIC MATHS THE GURUKUL ABACUS & VEDIC MATHS Franchisee:

1. Must not misrepresent in any way the price, quality, performance or

availability of GURUKUL ABACUS & VEDIC MATHS Products. 2. Shall indemnify GURUKUL ABACUS & VEDIC MATHS On account of any costs or damages that may arise from the breach of this rule.

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Repackaging of GURUKUL ABACUS & VEDIC MATHS Products Rule 13

1. GURUKUL ABACUS & VEDIC MATHS Prohibits any franchisee from

deleting any material from, adding any material to, adding extra words, label, or other materials on and altering or detaching any label from the GURUKUL ABACUS & VEDIC MATHS Product/literature.

2. GURUKUL ABACUS & VEDIC MATHS Products must be sold in the form and packages provided by GURUKUL ABACUS & VEDIC MATHS And must

not be decanted, repacked and otherwise altered from the said from the packages.

Rule 14 : Sale or Transfer of rights/interests

If a franchisee wants to sell his business it can be offered to anyone with prior written approval from GURUKUL ABACUS & VEDIC MATHS Subject to

following conditions: 1. In case of sale/transfer to spouse or children of franchisee no franchise

registration fee will be payable 2. In case of Sale/Transfer in name of any other person 50% or the

Franchisee Registration fee will be payable to GURUKUL ABACUS & VEDIC MATHS By the purchaser / Transferee.

3. The Transfer of franchise will be at the sole discretion of GURUKUL ABACUS & VEDIC MATHS

4. GURUKUL ABACUS & VEDIC MATHS Will not allow the transfer of Franchisee ( In case of partnership firm) though introducing new partners

and retiring of existing partners, company will provide services only to the initial agreed partners.

5. If the partnership firm converts in to proprietorship firm, transfer will be allowed only if the proprietor was a partner in the original agreement.

Death or Dissolution of Partnership

Rule 15 A. Death

Upon the death of a franchisee, the business will pass to the legal heir of the deceased franchisee.

B. Dissolution of partnership When there is dissolution of partnership, the franchise cannot be spilt into

two or more franchises and therefore the franchise shall go to only one person, partner, partnership firm or company as decided by the partners and informed in writing to GURUKUL ABACUS & VEDIC MATHS

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Advertising and Promotion Activity Rule 16

1. Apart from the sample and designs provided by GURUKUL ABACUS &

VEDIC MATHS The franchisees may design and use their own materials for advertising and publicity only and they shall be fully responsible for such designed/ materials.

2. All Promotional activities either conducted by AMF/DMF/UF, the cost of all promotional activities shall have to be borne by the concerned

franchisees, In case of H.O. personals visits the cost of traveling flooding and lodging shall have to be born by the concerned franchisees.

Use the GURUKUL ABACUS & VEDIC MATHS Name by Franchisees Rule 17

1. GURUKUL ABACUS & VEDIC MATHS forbids from producing or procuring from a source other than GURUKUL ABACUS & VEDIC MATHS

Any item bearing the GURUKUL ABACUS & VEDIC MATHS Name or logo or any GURUKUL ABACUS & VEDIC MATHS Trademarks or trade names or service marks. The only exception is that a Franchisee is allowed to procure

advertising materials for his own use.

2. The Franchisee shall issue duly signed receipts for the payments received by it from student/learner, signed by a duly authorized person of the franchisee. The Franchisee, whether is a receipt issued by it to any learner

or in any other correspondence or document, shall not use the name GURUKUL ABACUS & VEDIC MATHS And shall use its own name or the name of your center name, and shall not make any statement giving any

impression that such receipts etc. have been issued for/and or on behalf of GURUKUL ABACUS & VEDIC MATHS And make it clear that he receives

such payments received by the franchisee in his own capacity as principal and not as an agent or otherwise for and/or on behalf of GURUKUL ABACUS & VEDIC MATHS And that the contract of training with a learner

as evidenced by the receipt issued to him by the franchisee is between that learner and the franchisee only and GURUKUL ABACUS & VEDIC MATHS Is

not and shall not be liable to provide any education for the course(s) for which such learner shall have paid the course fee to the franchisee as evidenced by such receipts nor GURUKUL ABACUS & VEDIC MATHS

Otherwise liable

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Copyright and Trademarks Rule 18

1. GURUKUL ABACUS & VEDIC MATHS forbids reproduction in whole or in

part of any GURUKUL ABACUS & VEDIC MATHS Printed material, audio, cassettes, video and film recordings.

2. All right in the GURUKUL ABACUS & VEDIC MATHS Abacus, , Vedic Maths name, trademarks or other intellectual property are the property of GURUKUL ABACUS & VEDIC MATHS

3. The franchisee disclaims any right or interest in the GURUKUL ABACUS

& VEDIC MATHS Copyrights, trademarks, trade names, service name or marks and logo and designs and all advantages and benefits derived there from and in the techniques/know-how and training resource/ material,

student course material and other literature. The franchisee agrees that certain confidential information and secret knowledge which may be made

available to him in confidence, the franchisee shall not divulge such confidential information, secrets and procedures or performance or exhibit any portion or part there of to any person. The franchisee shall include a

secrecy obligation relating to the above matters in the contracts or employment with his employees.

4. GURUKUL ABACUS & VEDIC MATHS Shall have the right to terminate the franchise in the event that the franchisee questions, disputes or attacks

the validity, right, title or interest of GURUKUL ABACUS & VEDIC MATHS As to GURUKUL ABACUS & VEDIC MATHS Trade marks, trade names, service names, marks and designs, and the know-how including copyrights

or other intellectual property rights. 5. The franchisee shall not confer any permanent right or interest in the

franchisee in any trademark, copyright, trade name service mark, design, logo or the name of GURUKUL ABACUS & VEDIC MATHS Or presently being

used by it in respect of any other items other than relating to he business of education or training and franchise will not create any ownership right of any king of advertisement, printed matters, books, magazines, periodicals,

any other copyright or proprietary material including recordings owned by GURUKUL ABACUS & VEDIC MATHS And products and materials supplied

by GURUKUL ABACUS & VEDIC MATHS To the franchisee for use in the business.

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Running the center Rule 19

1. The franchisee shall ensure good conduct and behavior of every learner

and every faculty in order to maintain high reputation and discipline conductive for creating good academic atmosphere in the franchisee center.

2. The franchisee shall ensure that the franchisee’s staff and personnel have requisite qualifications and experience so as to maintain high quality and standards of training and education in the franchisee’s center.

3. GURUKUL ABACUS & VEDIC MATHS Will not be concerned or be a party

to any dispute in whatsoever capacity between franchisee and his employees or any other person or any dispute, claim, suit or litigation by the between statutory authority and the franchisee for non-compliance with any statute,

rules and regulation made by the statutory authority.

4. The franchisee alone shall be responsible, liable for any non-compliance with any lab our legislation and/ or statutory provisions and GURUKUL ABACUS & VEDIC MATHS In no way shall be a party to any7 litigation

arising out of any non-compliance by the franchisee with any legislation. 5. At any time if GURUKUL ABACUS & VEDIC MATHS Is of the opinion that

the academic standards are not maintained by the franchisee, GURUKUL ABACUS & VEDIC MATHS Shall have the right to take corrective steps at

the cost of the franchisee and/or cancel the franchise. 6. The franchisee shall purchase student course materials from GURUKUL

ABACUS & VEDIC MATHS In order to enable the franchisee to conduct the course in accordance with GURUKUL ABACUS & VEDIC MATHS Business plan. The franchisee shall accordingly place periodical orders, as prescribed

by GURUKUL ABACUS & VEDIC MATHS From time to time Gurukul Abacus & Vedic Maths Or its master franchise by sending appropriate form along

with full payment in advance. However, GURUKUL ABACUS & VEDIC MATHS shall not be responsible for any compensation, damages or claims whatsoever on account of delay in dispatch or delivery of the course material

ordered by the franchisee.

7. In order to maintain the uniform procedures and systems, GURUKUL ABACUS & VEDIC MATHS May from time to time issue necessary guidelines to the franchisee, who shall abide by the same.

8. To maintain the premises of the franchisee’s center in good condition.

9. The entire cost of running a center for classroom teaching, including acquisition of space, acquisition of furniture and fixtures, engaging of

personnel, local advertising and promotion by the franchisee shall not be entitled to require GURUKUL ABACUS & VEDIC MATHS To share any part or portion of such expenditure or reimburse any part thereof.

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10. The franchisee shall alone be responsible in respect of any suit, application for interim or ad-interim order(s) or any legal proceedings or any

complaint filed by any learner or any person or authority in any court, tribunal, consumer redresser forum/commission or before any authority,

pertaining to conduct of course, facilities to learners, any dispute between the learner(s) and the franchisee or in respect of any matter related to or concerning the franchisee’s center and GURUKUL ABACUS & VEDIC

MATHS Or its owners or officials shall not be held responsible for any such suit, complaint or any legal proceedings related to or in respect of any of the matters of the franchisee’s center.

11. The franchisee shall indemnify and keep indemnified all times

GURUKUL ABACUS & VEDIC MATHS, from and against all actions, suits or proceeding and all costs, charges, expenses, losses or damages which may be incurred, suffered or caused by/ or to GURUKUL ABACUS & VEDIC

MATHS By reason of any suit, application or any other legal proceedings or complaint filed by any person against GURUKUL ABACUS & VEDIC MATHS,

its owners or its officials in any court, tribunal, consumer redresser forum/commission or before any authority, pertaining to/or in respect of any matter of franchisee’s center.

12. The franchisee shall comply with all the applicable laws and regulations for running the center and conducting the course, etc.

13. The franchisee shall pay all taxes outgoing promptly.

14. The franchisee shall ensure teaching of 300 students per annum otherwise GURUKUL ABACUS & VEDIC MATHS Will allocate new center in

his/her respective area. Rule 20

Jurisdiction

(A) The franchisee shall expressly agree that the courts in Ichalkaranji in the state of Maharashtra and none other courts shall have jurisdiction to try any matter arising between GURUKUL ABACUS & VEDIC MATHS and the

franchisee.

(B) All differences and disputes, which may arise between GURUKUL ABACUS & VEDIC MATHS And a franchisee shall be referred to a sole arbitrator for adjudication, to be appointed by GURUKUL ABACUS & VEDIC

MATHS Only. (C) In case of any dispute or difference (s) between two franchisees of the (

Abacus, , Vedic Maths), the matter will be referred to the GURUKUL ABACUS & VEDIC MATHS or its authorized representative for arbitration

and its decision shall be final and binding on the parties in dispute.

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Rule 21 : Termination

Apart from the terms and conditions mentioned in the “Business Rules” a franchisee may also be terminated in the following conditions: -

1. Change in Name: If the Franchisee changes the name of the center in violation of rule no. 2

2. Failure to pay renewal Fee: if the Franchisee fails to pay renewal fee as per rule no.4 the franchisee shall not, after the termination of the

franchisee, commence any or take new admission for any of the course of the GURUKUL ABACUS & VEDIC MATHS Or call it “Center of ( Abacus, ,

Vedic Maths)”. Or use deceptively similar name and he shall immediately return the center certificate issued to him.

3. If the (Abacus, , Vedic Maths) franchisee impart training to any body without the written of GURUKUL ABACUS & VEDIC MATHS ( Abacus, ,

Vedic Maths) franchisee. 4. If the (Abacus, , Vedic Maths) franchisee copies the concept/materials/

or training for any purpose. Records and Accounts

Rule 22 The Franchisee shall maintain proper records and account of all

transactions. Liability of Taxes & Duties:

Rule 23 Any taxes or duties imposed or assessed by the central government, state government, Local Authority or any other Government Department by virtue

of any existing or new enactment or amendment to the existing statutes or otherwise in respect of any payment made or due from the franchisee to

otherwise whatsoever under GURUKUL ABACUS & VEDIC MATHS Business plan shall be borne by the franchisee and if paid by GURUKUL ABACUS & VEDIC MATHS, the franchisee shall reimburse the same immediately upon

the receipt of a debit note from GURUKUL ABACUS & VEDIC MATHS It shall be the sole responsibility of the franchisee to complete all the assessment of

taxes, duties and levies under all the applicable laws and GURUKUL ABACUS & VEDIC MATHS Shall in no way, be responsible for any taxes, levies, interest, fines, penalties and prosecution for violation of any

provisions of any applicable laws. Report by Franchisee

Rule 24

The franchisee shall send a detailed monthly report regarding the working of the franchise center to GURUKUL ABACUS & VEDIC MATHS

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Rule 25 : Change GURUKUL ABACUS & VEDIC MATHS Can it its sole and absolute discretion

change, rectify, modify or amend any its rules policies from time to time

Rule 26 : GURUKUL ABACUS & VEDIC MATHS Franchise Number All Franchisees are assigned a GURUKUL ABACUS & VEDIC MATHS Franchise number. It is printed on your center certificate. This number will

be your identification and non-transferable. Rule 28 : Violation of Business Rules

GURUKUL ABACUS & VEDIC MATHS May in its absolute discretion, terminates a franchisee when there is violation of business rules and/ or

any guidelines or instructions, without assigning any reasons. GURUKUL ABACUS & VEDIC MATHS Decision in this respect will be final and binding to all parties. In addition, GURUKUL ABACUS & VEDIC MATHS Can hold

the franchisee responsible for any cost or damages incurred by GURUKUL ABACUS & VEDIC MATHS And/ or any other ( Abacus, , Vedic Maths)

franchisee if the activities of the franchisee have he effect of derogating, diminishing or damaging the reputation of GURUKUL ABACUS & VEDIC MATHS Or its products.

Rule 28 1. GURUKUL ABACUS & VEDIC MATHS will provide training to the faculties

of Zonal Franchisee.

2. Certificates will be given to all the faculties completing the course successfully.

3. The course instructors trained by GURUKUL ABACUS & VEDIC MATHS Or it MASTER FRANCHISE will not be allowed to train anybody, if noticed the course instructors trained by GURUKUL ABACUS & VEDIC MATHS

4. The MASTER FRANCHISE is only allowed to conduct trainings at their

centers after giving the complete information to GURUKUL ABACUS & VEDIC MATHS

5. Only certified trainers from GURUKUL ABACUS & VEDIC MATHS will be allowed to take classes.

Gurukul ===================================

Abacus & Vedic Maths Plot No.32/A, Amrut Nagar, Near

Bhosale Apartment,Sarnobatwadi A/p : Kolhapur, Dist : Kolhapur ( M. S.) India

Tel:(0231)2653686, Mob:9762241708 www.GurukulAbacus .com

Page 16: Gurukul Abacus & Vedic Mathsgurukulabacus.com/Gurukul_Franchise_Agreement.pdf · GURUKUL ABACUS & VEDIC MATHS Is in no way concerned with such litigation. 6. The Franchisee shall

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