A legally structured, transparent franchise agreement for franchisors and franchisees operating within the Mycorporatespace™ network. Read, fill, sign, and submit — all in one place.
This Agreement is entered into as of the date last signed below, by and between the following parties:
Subject to the terms and conditions of this Agreement, the Franchisor hereby grants to the Franchisee a limited, non-transferable, non-sublicensable, exclusive franchise licence to operate a commercial real estate brokerage and advisory business under the brand name, trade name, and business system of Mycorporatespace™ within the approved Territory defined in Clause 6.
The franchise licence grants the Franchisee the right to:
The Franchisee agrees to pay the following fees and charges to the Franchisor in consideration for the rights granted under this Agreement:
| Fee Type | Amount | Frequency | Due Date |
|---|---|---|---|
| Initial Franchise Fee | ₹3,50,000 | One-time | Before agreement execution |
| Royalty Fee | 6% of gross revenue | Monthly | 10th of following month |
| Marketing Fund Contribution | 2% of gross revenue | Monthly | 10th of following month |
| Technology & CRM Access Fee | ₹5,000 | Monthly | 1st of each month |
| Annual Renewal Fee (Year 2+) | ₹50,000 | Annual | 30 days before anniversary |
| Training & Onboarding (initial) | Included in franchise fee | One-time | Post-agreement execution |
| Total Year-1 Minimum Investment | ₹4,10,000 + royalties | ||
All amounts are exclusive of applicable GST at prevailing rates. Payments shall be made by NEFT/RTGS to the Franchisor's designated bank account. Late payments shall attract interest at 18% per annum from the due date.
4.1 Franchisor Obligations: The Franchisor agrees to provide the following support and resources to the Franchisee throughout the term of this Agreement:
4.2 Franchisee Obligations: The Franchisee agrees to, at all times throughout the term:
The Franchisor is committed to equipping the Franchisee with the knowledge, tools, and skills necessary to successfully operate under the Mycorporatespace™ system. The training and support structure is as follows:
The Franchisor grants the Franchisee an exclusive territory ("Territory") within which the Franchisee shall operate the franchise. The Territory shall be defined by the specific geographic boundaries, localities, or pin codes listed in Schedule B, attached hereto and made part of this Agreement.
Within the approved Territory, the Franchisor shall not:
All intellectual property rights associated with the Mycorporatespace™ brand — including but not limited to trademarks, service marks, logos, trade dress, domain names, proprietary software, operating manuals, marketing materials, and business methodologies — remain the exclusive property of the Franchisor at all times.
The Franchisee is granted a limited licence to use such intellectual property solely for the purpose of operating the franchise within the approved Territory, subject to the following conditions:
This Agreement shall commence on the date of execution by both parties ("Commencement Date") and shall remain in force for an initial term of five (5) years ("Initial Term"), unless terminated earlier in accordance with Clause 9.
Renewal: At the expiry of the Initial Term (or any subsequent renewal term), the Franchisee shall have the right to renew this Agreement for successive periods of three (3) years each ("Renewal Term"), subject to:
9.1 Termination by the Franchisor: The Franchisor may terminate this Agreement immediately, without notice, upon occurrence of any of the following:
9.2 Termination by the Franchisee: The Franchisee may terminate this Agreement by providing 90 days' written notice to the Franchisor, subject to settlement of all outstanding dues and compliance with post-termination obligations.
9.3 Effects of Termination: Upon termination, the Franchisee shall immediately cease using the Mycorporatespace™ brand, return all confidential materials, transition client records to the Franchisor, and comply with the 24-month non-compete obligation.
10.1 Amicable Resolution: In the event of any dispute, controversy, or claim arising out of or in connection with this Agreement, the parties shall first attempt to resolve the matter through good-faith negotiation within thirty (30) days of written notice of the dispute.
10.2 Mediation: If the dispute remains unresolved after 30 days, either party may refer it to mediation before a mutually agreed mediator registered with the Indian Institute of Arbitration & Mediation (IIAM).
10.3 Arbitration: If mediation fails within 60 days, the dispute shall be finally settled by binding arbitration under the Arbitration and Conciliation Act, 1996, as amended. The arbitration shall be conducted by a sole arbitrator appointed by mutual consent, seated in New Delhi, and conducted in English.
10.4 Governing Law & Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the Republic of India. The courts of New Delhi shall have exclusive jurisdiction for matters not covered by arbitration.
Entire Agreement: This Agreement, together with all attached Schedules, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and understandings.
Amendment: No amendment or modification of this Agreement shall be effective unless made in writing and signed by authorised representatives of both parties.
Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Waiver: Failure by either party to enforce any provision of this Agreement shall not constitute a waiver of that party's right to enforce such provision in the future.
Force Majeure: Neither party shall be liable for delays or failures in performance resulting from circumstances beyond their reasonable control, including but not limited to natural disasters, government actions, pandemics, or civil unrest, provided prompt written notice is given.
Our franchisees achieve break-even within 8–14 months on average, backed by a growing market and strong brand recognition.
CRM, property listing portal, digital marketing dashboard, and deal management tools — all set up for you from Day 1.
Your own Franchise Manager, marketing support, legal helpdesk, and a peer network of 120+ franchisees across India.
Your exclusive zone is contractually protected. No internal competition — you own your market and keep 100% of your commissions.
Complete the agreement above or speak to our Franchise Development team to understand how this opportunity fits your market. Zero-pressure consultation, 100% confidential.