- Cancellation by Franchisee: In case the franchisee wishes to cancel the agreement, they need to provide a written notice of cancellation to the institute at least 30 days prior to the effective date of cancellation. The franchisee will be liable to pay the institute a cancellation fee of 10% of the total franchise fee.
- Cancellation by Institute: The institute reserves the right to cancel the agreement if the franchisee breaches any of the terms and conditions mentioned in the agreement. In such cases, the institute will provide a written notice of cancellation to the franchisee and the franchisee will be liable to pay a penalty of 20% of the total franchise fee.
- Termination by Institute: The institute reserves the right to terminate the agreement if the franchisee fails to comply with the operational and quality standards set by the institute. In such cases, the institute will provide a written notice of termination to the franchisee and the franchisee will be liable to pay a penalty of 30% of the total franchise fee.
- Refund Policy: In case of cancellation or termination of the agreement, the institute will refund the franchise fee to the franchisee after deducting the applicable cancellation or penalty fee.
- Non-refundable Fee: The initial franchise fee paid by the franchisee is non-refundable under any circumstances.
- No Obligation to Renew: The institute is under no obligation to renew the franchise agreement once it expires. The institute reserves the right to renew or terminate the agreement based on the performance of the franchisee during the term of the agreement.
- Note: The above cancellation policy is subject to change at the sole discretion of the institute. The franchisee will be notified of any changes in the policy.
