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CITY OF NEW YORK FRANCHISE AND CONCESSION REVIEW COMMITTEE (Cal. No.1) RESOLVED, that the Franchise and Concession Review Committee (FCRC) authorizes the NYC & Company, Inc. on behalf of New York
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The resolved that form franchise is a legal document that outlines the authorization of a franchise agreement by the franchisor's governing body, typically a board of directors. It formalizes the intention to establish a franchise and sets the framework for its operation.
Franchisors are required to file the resolved that form franchise, typically done by the entity that is granting the franchise rights, ensuring legal compliance and transparency in the franchising process.
To fill out the resolved that form franchise, a franchisor needs to include details such as the name of the franchise, the specific rights being granted, the terms of the franchise agreement, and signatures from authorized representatives of the franchisor.
The purpose of the resolved that form franchise is to provide a documented resolution that authorizes the franchisor to grant franchise rights, ensuring that all corporate governance procedures are followed and protecting the rights of both the franchisor and franchisee.
The resolved that form franchise must report information such as the name of the franchisor, description of the franchise being offered, obligations of the parties, effective date of the resolution, and the signatures of individuals authorized to execute the document.
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