The Franchise Deposit Agreement is a crucial document used when establishing new franchise relationships in Singapore. It serves to protect both the franchisor's interests in ensuring serious franchise inquiries and the franchisee's interests in securing their deposit. The agreement typically includes specific provisions for deposit handling, refund conditions, and dispute resolution mechanisms in accordance with Singapore law. This document is particularly important in the initial stages of franchise negotiations, where it forms part of the broader franchise documentation suite. The agreement must comply with Singapore's contract law principles and banking regulations, especially regarding deposit protection and fair trading practices.
Franchise Deposit Agreement for Singapore
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Franchise Deposit Agreement
"Need a Franchise Deposit Agreement for my bubble tea franchise in Singapore, where the franchisee will pay a $50,000 deposit that's refuNDAble within 6 months if they meet certain performance criteria by March 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of the franchisor and franchisee
2. Background: Context of the franchise relationship and purpose of the deposit
3. Definitions: Key terms used tHRoughout the agreement
4. Deposit Amount and Payment Terms: Specifics of the deposit amount, payment method, and timing
5. Purpose of Deposit: Clear statement of what the deposit secures
6. Refund Conditions: Circumstances under which deposit will be refunded
7. Term and Termination: Duration of agreement and termination provisions
8. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Interest on Deposit: Terms for interest payment on deposit, applicable when deposit will be held for extended period
2. Security Arrangements: Special arrangements for securing the deposit, relevant for large deposits or high-risk arrangements
3. Step-in Rights: Rights of parties to take certain actions in specific circumstances, used in complex franchise arrangements
4. Anti-Money Laundering Compliance: Specific provisions for AML compliance, required for high-value deposits or international arrangements
1. Schedule 1 - Payment Schedule: Detailed breakdown of deposit payment structure and timeline
2. Schedule 2 - Bank Details: Designated account information for deposit payment
3. Schedule 3 - Refund Calculation Method: Formula or method for calculating refund amounts in different scenarios
4. Schedule 4 - Required Documentation: List of documents required for deposit processing and verification
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Sub Franchise Agreement
A Singapore-law governed agreement between a sub-franchisor and sub-franchisee for operating a franchised business unit under the master franchise system.
find out more
Food Franchise Agreement
A legally binding agreement under Singapore law that establishes the terms and conditions for operating a food franchise business.
find out more
Franchise Disclosure Agreement
A Singapore-compliant disclosure document providing essential information about a franchise opportunity to potential franchisees.
find out more
Area Development Agreement Franchise
A Singapore-law governed agreement granting rights to develop multiple franchise units within a specified territory, including development schedules and operational requirements.
find out more
Multi Unit Franchise Agreement
A Singapore-law governed agreement enabling franchisees to develop multiple franchise units within a specified territory, outlining development rights, obligations, and operational standards.
find out more
Master Franchise Contract
A Singapore-law governed agreement granting territory rights to develop and sub-franchise a business system, subject to Singapore's franchise and commercial regulations.
find out more
Exclusive Territory Franchise Agreement
A Singapore-governed agreement granting exclusive territorial rights to operate a franchised business, including operational standards and compliance requirements.
find out more
Franchise Lease Agreement
A Singapore-law governed agreement combining franchise rights and property lease terms for franchise business operations.
find out more
Franchise Deposit Agreement
A Singapore-law governed agreement establishing terms for franchise deposits between franchisor and franchisee.
find out more
Franchise Broker Agreement
A Singapore-governed agreement establishing terms between franchisors and brokers for franchise sale facilitation.
find out more
Direct Franchise Agreement
A Singapore-law governed agreement establishing direct franchise rights and obligations between franchisor and franchisee.
find out more
Franchisor Franchisee Agreement
A Singapore-law governed agreement establishing the rights and obligations between franchisor and franchisee for operating a franchise business.
find out more
Franchise Transfer Agreement
A Singapore law-governed agreement facilitating the transfer of franchise rights and obligations from an existing franchisee to a new franchisee.
find out more
Franchise Contract Agreement
A legal agreement under Singapore law governing the relationship between franchisor and franchisee, establishing rights and obligations for operating a franchised business.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)