EXHIBIT 10.7
FORM OF FRANCHISE AGREEMENT BETWEEN A SUBSIDIARY
OF THE REGISTRANT AND DISTRIBUTORS OF TUPPERWARE
IN THE UNITED STATES
TUPPERWARE U.S., INC.
FRANCHISE AGREEMENT
FRANCHISEE
DATE OF AGREEMENT
NOTICE:
THIS AGREEMENT PROVIDES FOR BINDING ARBITRATION OF CERTAIN DISPUTES
.
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TABLE OF CONTENTS
PAGE
1.
INTRODUCTION AND DEFINITIONS
1
2.
GRANT, ACCEPTANCE AND INITIAL TERM
3
3.
DISTRIBUTION RIGHTS AND PERFORMACE CRITERIA
4
4.
GUIDANCE AND ASSISTANCE
4
A.
GUIDANCE AND ASSISTANCE
4
B.
OPERATING MANUALS
5
5.
MARKS
5
A.
OWNERSHIP AND GOODWILL OF MARKS
5
B.
LIMITATIONS ON YOUR USE OF MARKS
5
C.
DISCONTINUANCE OF USE OF MARKS
6
D.
NOTIFICATION OF INFRINGEMENTS AND CLAIMS
6
E.
INDEMNIFICATION FOR USE OF MARKS
6
6.
RELATIONSHIP OF THE PARTIES/INDEMNIFICATION
7
A.
INDEPENDENT CONTRACTORS
7
B.
NO LIABILITY FOR ACTS OF OTHER PARTY
7
C.
TAXES
7
D.
INDEMNIFICATION
7
7.
FEES AND PAYMENTS
8
A.
INITIAL FEES
8
B.
TERMS OF SALE TO FRANCHISEE
8
C.
INTEREST ON LATE PAYMENTS
8
D.
APPLICATION OF PAYMENTS
8
8.
CONFIDENTIAL INFORMATION
9
9.
EXCLUSIVE RELATIONSHIP
9
10.
IMAGE AND OPERATING PROCEDURES
10
A.
PREMISES
10
B.
TUPPERWARE CONSULTANTS
10
C.
STANDARDS AND PRCEDURES
11
D.
MAINENANCE AND REFURBISHINGOF PREMISES AND VEHICLES
11
E.
COMPLIANCE WITH LAWS AND GOOD BUSINESS PRACTICES
11
F.
FORMS AND INVOICES
12
G.
CUSTOMER RELATIONS/WARRANTIES
12
H.
INSURANCE
12
I.
COMPUTER
13
11.
REPORTS AND FINANCIAL STATEMENTS
13
12.
INSPECTIONS AND AUDITS
13
A.
COMPANY'S RIGHT TO INSPECT
13
B.
COMPANY'S RIGHT TO AUDIT
14
13.
TRANSFER
14
A.
BY COMPANY
14
B.
FRANCHISEE MAY NOT TRANSFER WITH APPROVAL OF COMPANY
14
C.
CONDITIONS FOR APPROVAL OF TRANSFER
15
D.
DEATH OR INCAPACITY OF FRANCHISEE
16
E.
EFFECT OF CONSENT TO TRANSER
17
F.
COMPANY'S RIGHT OF FIRST REFUSAL
17
G.
OPERATION THROUGH A CORPORATION
18
H.
COMPLIANCE WITH STATE AND FEDERAL LAWS
18
14.
RENEWAL OF FRANCHISE
18
15.
TERMINATION
19
A.
BY FRANCHISE
19
B.
BY COMPANY
19
C.
OUR OTHER RIGHTS UPON DEFAULT
21
16.
RIGHTS AND OBLIGATIONS OF COMPANY AND FRANCHISEE UPON TERMINATION OR EXPIRATION
OF THE FRANCHISE
22
A.
PAYMENT OF AMOUNTS OWED TO COMPANY
22
B.
TRADEMARKS
22
C.
RETURN OF CONFIDENTIAL MATERIAL
22
D.
NONSOLICITATION AND NONCOMPETITION
22
E.
COMPANY OPTION TO PURCHASE PRODUCTS
23
F.
CONTINUING OBLIGATIONS
23
17.
ENFORCEMNT
23
A.
SEVERABILITY AND SUBSTITUTION OF VALID PROVISIONS
23
B.
WAIVER
24
C.
CUMULATAIVE REMEDIES
24
D.
WRITTEN CONSENTS FROM COMPANY
25
E.
COSTS AND ATTORNEYS' FEES
25
F.
GOVERNING LAW/CONSENT TO JURISDICTION
25
G.
BINDING EFFECT
25
H.
ENTIRE AGREEMENT
25
I.
NO LIABILITY TO OTHERS
26
J.
CONSTRUCTION
26
K.
MULTIPLE ORIGINALS
26
L.
INJUNCTIVE RELIEF
26
M.
ARBITRATION
26
N.
WAIVER OF PUNITIVE DAMAGES AND JURY TRIAL
27
O.
SECURITY INTEREST
27
P.
NO WITHHOLDING PAYMENTS DUE TO US
28
18.
NOTICES AND PAYMENTS
28
19.
ACKNOWLEDGEMENTS
28
EXHIBITS
EXHIBIT A
PRIMARY AREA OF PROMOTION
EXHIBIT B
PREMISES
EXHIBIT C
AGREEMENT FOR THE DESIGNATION OF AN OPERATING COMPANY
EXHIBIT D
ARBITRATION
EXHIBIT E
ANNUAL