UNDISCOVERED PROPERTIES, INC.™ SEEKS BUSINESS MODELS FOR FRANCHISING OPPORTUNITIES


Franchising is a Business Model that generates $1 trillion dollars annually with more than 750,000 franchises in the United States. Undiscovered Properties, Inc.™ is a leader in Franchise Development and Consulting. If you have a successful business. we want to clone your success.

Does Your Business Have These Characteristics:

1) Good track record of profitability.

2) Broad geographical appeal.

3) Easy to learn and operate.

4) Can be duplicated for success.

5) Requires a modest investment.

Do You Have An Existing Business, Service, Product, Idea, Plan, Concept or Program that can be duplicated within a structured time frame.

If yes, Undiscovered Properties, Inc.™ will make you an offer that you simply cannot refuse:

1. WHAT IS FRANCHISING?
Franchising is a method of distributing products or services. At least two levels of people are involved in the franchise system: (1) the franchisor, who lends his trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system. Technically, the contract binding the two parties is the "franchise," but that term is often used to mean the actual business that the franchisee operates.

2. HOW DOES A FRANCHISED CHAIN START?
Imagine a store owned by an individual with a particular concept. If the business is successful, the owner may develop a second or third store and hire employees for the day-to-day operations. At that point, if the entrepreneur still wants to expand but prefers not to operate additional stores himself or herself, he or she may decide to "franchise" the store name and business system to an independent business person a franchisee. In return, the entrepreneur may ask for an initial fee and a continuing royalty payment based on a percentage of that franchisee's sales. The business is now franchised.

3. HOW WIDESPREAD IS FRANCHISING?
The answer may surprise you. Most analysts estimated that franchising companies and their franchisees accounted for $1 trillion in annual U.S. retail sales from 750,000 franchised small businesses in 200 industries. Moreover, franchising is said to account for more than 50 percent of all U.S. retail sales. Industry analysts estimate that franchising employs more than 10 million people, a new franchise outlet opens somewhere in the U.S. every 5 minutes, and approximately one out of every 10 retail business establishments is a franchised business.

4. WHERE DO FRANCHISE SALES COME FROM?
Most franchise sales are still by product and trade name franchise chains, car and truck dealerships, gasoline service stations, and soft drink bottlers. Business format franchise sales were $450 billion; sales by product and trade name franchises were $550 billion. The number of outlets and total sales of "business format" franchises are expected to continue to grow and increase their growth rate.

5. WHAT IS "BUSINESS FORMAT" FRANCHISING?
In business format franchising, the franchisor prescribes for the franchisee a complete plan, or format, for managing and operating the establishment. The plan provides step-by-step procedures for major aspects of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the franchisees. The major advantage of buying a business format franchise is that the system, the means for distributing goods and or services, has been developed, tested, and associated with the trademark. As a result, rapid expansion of a successful retail concept can occur more quickly than through company-owned expansion.

6. WHAT ARE THE MAJOR GROWTH INDUSTRIES IN "BUSINESS FORMAT" FRANCHISING?
As the economy becomes more service and technologically oriented, as more women enter the work force, and as a larger percentage of the population grows older, growth areas in franchising are responding to these changes. The industry categories in franchising that are expected to continue to experience rapid growth for the start of the new century are service-related fields such as home repair and remodeling, carpet cleaning, household furnishings, and various other maintenance and cleaning services; all business support services including accounting, mail processing, advertising services, package wrapping and shipping, personnel and temporary help services, and printing and copying services; automotive repairs and services such as quick-lube and tune-up; and other areas such as environmental services, hair salons, health aids and services, computers, clothing, children's services, educational products and services, and telecommunications services.

While it is important to consider industry growth before investing in a franchise, it is more important to analyze an individual franchise company's track record, keeping in mind that quick growth does not always spell success. A franchise organization that grows too quickly might not have a service team in place to support all of the units properly. Overall, long range trends indicate a steady, solid growth in business format franchising. Some will fall by the wayside, as is natural with any business, but others may well be the "household name" franchise success stories of tomorrow.

7. SPECIFICALLY, WHAT KINDS OF BUSINESSES LEND THEMSELVES TO FRANCHISING?
Virtually every business form you can imagine. The United States Franchise Association now lists more than 200 different categories to describe its members. Typically, you would think of fast food and restaurants first when thinking of franchising, but franchising covers the spectrum from A to Z, including advertising, direct mail, construction, dating services, home inspection, security systems, printing, maid services, computer services, cleaning services, lawn care services, real estate services, hotels and travel agencies are excellent examples of successfully applying franchising to established industries.

8. ARE THE "LOOK-ALIKE" CHARACTERISTICS OF FRANCHISES A DISADVANTAGE? DON'T CONSUMERS WANT VARIETY?
The increasingly mobile American consumer has come to depend on and appreciate the consistent quality of franchised products and services. Today, no matter where they go, people expect and want the same quality, which is why consumers so often stop at franchised establishments. The ability to easily recognize a franchised store, restaurant or hotel from the outside guarantees there will be no surprises or disappointments on the inside. Quite simply, the public knows what to expect and likes it that way.

9. HOW DO YOU EXPLAIN THE SUCCESS RATE FOR FRANCHISED BUSINESSES?
"Success" is a subjective term. A recent Gallup Organization study on franchise owner’s and attitudes towards their franchise experience revealed that more than nine of ten franchise owners stated that they considered their franchise to be somewhat or very successful. Two of three respondents said that they would not have been successful if they tried to open the same business on their own. The franchising system is designed to provide a formula for operating a successful business. Unavoidable business mistakes have been worked out of the system through experience and the franchisor is available to assist when new challenges arise. The Small Business Administration says most businesses fail from lack of management skills. With a franchised business, your franchisor should be eager to help you overcome problems. Your hard work and the franchisor's expertise spell a strong partnership.

10. WE WILL PURCHASE EXCLUSIVE RIGHTS TO FRANCHISE YOUR EXISTING OR FUTURE BUSINESS, PRODUCT, SERVICE, IDEA, CONCEPT, PLAN OR PROGRAM AND PAY A RESIDUAL MONTHLY ROYALTY.

IMPORTANT: We purchase your exclusive rights to Franchise only. You keep 100% ownership of your existing business and locations.

Data from the U.S. Department of Commerce illustrate the business success rate over a ten-year period of Individual New Start-up Enterprises versus Franchise Businesses.

 
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UNDISCOVERED PROPERTIES, INC.™
International Franchise Company
REAL ESTATE BROKERAGE FIRM
Commercial - Residential - Management - Business Broker - Auctions - Investments
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FRANCHISE DISCLOSURE DOCUMENT
REQUIRED BY THE FEDERAL TRADE COMMISSION
 
Copyright © 2016 Undiscovered Properties, Inc.™
All Rights Reserved.
 
Buying & Selling Real Estate from home or an office is exciting & fun. Complete training is available on-line. Commission + Profit Sharing Plan. No experience is necessary. A college degree is not required. Part time or full time. Get in on the ground floor. Great investment opportunity. Buy Real Estate as an "Insider". Make commission on all your sales. Excellent Home Based Business Opportunity. Many financial, business, personal benefits and rewards becoming a licensed real estate agent, broker, instructor, speaker, writer, spokes model for the industry.
Undiscovered Properties, Inc is engaged in the sale of franchises regarding the operation of a Real Estate Company. Low or No Franchise Fee, Low Investment and Low Monthly Royalty. Best Residual Income Program in the industry. Make money without selling. We will help you establish an effective sales team with licensed agents. Franchisee can cancel at any time for any reason. The only Real Estate Franchise Program in the nation that does not require signing a Non-Compete clause and does not require signing a Non-Disclosure document. Each franchisee in the state of Florida will learn and train to become a Licensed Real Estate Instructor and national speaker attending international media events.
Initial Franchise Fee is Refundable and Waived for any member of the Military, Veterans or Disabled Americans.
 
30 DAY MONEY BACK GUARANTEE
 
Issuance Date is March 1st 2017
 
1) This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully. You must receive this disclosure document at least 14 days before you sign a binding agreement or pay any fee. You must also receive completed copies of all contracts at least 5 days before you sign them.
(2) You may have elected to receive an electronic version of your disclosure document. If so, you may wish to print or download the disclosure document for future reference. You have the right to receive a paper copy of the disclosure document up until the time of sale. To obtain a paper copy, contact name at address and telephone number.
(3) Buying a franchise is a complicated investment. The information contained in this disclosure document can help you make up your mind. Note, however, that the Federal Trade Commission (FTC) has not checked the information and does not know if it is correct. Information comparing franchisors is available. Call your State agency or your public library for sources of information. Additional information on franchising, such as ``A Consumer's Guide to Buying a Franchise,'' is available from the FTC. You can contact the FTC in Washington, D.C., or visit the FTC's home page at www.ftc.gov for further information. In addition, there may be laws on franchising in your State. Ask your
State agencies about them.
(4) You should also know that the terms and conditions of your contract will govern your franchise relationship. While the disclosure document includes some information about your contract, don't rely on it alone to understand your contract. Read all of your contract carefully. Show your contract and this disclosure document to an advisor, like a lawyer or an accountant.
(5) Federal Trade Commission, Washington, DC 20580.
 
Table of Contents

Item 1. The Franchisor, its Parent, Predecessors, and Affiliates
Item 2. Business Experience
Item 3. Litigation
Item 4. Bankruptcy
Item 5. Initial Franchise Fee
Item 6. Other Fees
Item 7. Estimated Initial Investment
Item 8. Restrictions on Sources of Products and Services
Item 9. Franchisee's Obligations
Item 10. Financing
Item 11. Franchisor's Assistance, Advertising, Computer Systems, and Training
Item 12. Territory
Item 13. Trademarks
Item 14. Patents, Copyrights, and Proprietary Information
Item 15. Obligation to Participate in the Actual Operation of the Franchise Business
Item 17. Renewal, Termination, Transfer, and Dispute Resolution
Item 18. Public Figures
Item 19. Financial Performance Representations
Item 20. Outlets and Franchisee Information
 
Item 1. The Franchisor, its Parent, Predecessors, and Affiliates
A. The name of the Franchisor is UNDISCOVERED PROPERTIES, INC. There were no predecessor Franchisors.
B. The Franchisor is engaged in the business of selling franchise's for the operation of a full service real estate company.
C. No special equipment is required or needed. Franchisee is encouraged to utilize a modern computer with high speed internet access.
D. Undiscovered Properties is incorporated in the State of Florida and is a licensed Real Estate Brokerage Firm. The franchisor's agent for service of process is Bernard Korn, President.
 
Item 2. Business Experience
The following list includes the complete names of the officers and directors who will have management responsibility with the business activities and operations of the company and provides each individual's business background, including principle occupation for the past ten years.
 
BERNARD KORN - Real Estate Broker - 2002 to Present.
 
Item 3. Litigation
A. Neither the Franchisor, nor any person identified in Section 2 of this prospectus has pending any administrative, criminal or material civil action or a significant number of civil actions irrespective of materiality, alleging a violation of any franchise law, securities law, fraud, embezzlement, fraudulent conversion, restraint of trade, unfair or deceptive practices, misappropriation of property or comparable allegations.
B. Neither the Franchisor, nor any person identified in Section 2 of this prospectus has been convicted of a felony or pleaded nolo contendere to a felony charge or, within the 10 year period immediately preceding the franchise business, has been convicted of a misdemeanor or pleaded nolo contendere to a misdemeanor charge or been held liable in a civil action by final judgment or been the subject of a material complaint or other legal proceeding.
C. Neither the Franchisor, nor any person identified in Section 2 of this prospectus is subject to any injunctive or restrictive order or decree relating to franchises or under Federal, State or Canadian franchise, securities, antitrust, trade regulation or trade practice law as a result of a concluded or pending action or proceeding brought by a public agency.
 
Item 4. Bankruptcy
During the 10 year period immediately preceding the franchise business, neither Franchisor nor any predecessor, officer or general partner of the Franchisor has been adjudged bankrupt or reorganized due to insolvency, or was a principle officer of any company or a general partner in any partnership that was adjudged bankrupt or reorganized due to insolvency during or within 1 year after the period that such officer or general partner of the Franchisor held such position in such company or partnership, nor has any such bankruptcy or reorganization proceeding been commenced.
 
Item 5. Initial Franchise Fee
A. The initial franchise fee for the right granted under the franchise agreement is $500 and is payable in lump sum.
B. The initial franchise fee is uniform for all persons acquiring a franchise and is refundable.
C. Initial franchise fee is $0 for existing licensed real estate agents or brokers in the state of Florida, any member of the Military, Veterans and Disabled Americans.
D. Franchisee may terminate the agreement within thirty days and receive a complete refund of initial franchise fee.
 
Item 6: Recurring or Occasional Fees
A. In addition to the initial franchise fee, the Franchisee is required to pay a monthly service fee in the amount of $100.
B. Monthly service fees are non-refundable.
C. Franchisee will receive 90/10 commission split on each transaction. Franchisee (90%), Franchisor (10%).
 
ITEM 7: Estimated Initial Investment
The Franchisee should expect to make the following initial investment prior to the time of commencing the business.
Expenditure - Amount - To Whom Paid - When Due - Refundable
A. Franchise Fee - $500 - Franchisor - Signing Agreement - Yes
B. Franchise Royalty - $100 - Franchisor - Monthly - No
C. Florida Real Estate 63 Hour Pre-Licensing Course ($200) - No
D. Florida Professional Corporation or Limited Liability Company ($100) - No
E. DBPR State License Application Fee ($90) - No
F. Pearson Vue Testing Fee ($35) - No
G. Background Finger-Printing Fee ($50) - No
H. National Association of Realtors (One Year Membership $150) - No
I. Florida Realtors Association (One Year Membership $150) - No
J. Realtors Association of the Palm Beaches (One Year Membership $200) - No
K. Regional Multiple Listing Service (One Year Membership $200) - No
 
ITEM 8: Restrictions on Sources of Products and Services
A. No specific real property lease or investment is required by Franchisee.
B. No specific leased equipment, fixtures or fixed assets is required by Franchisee.
C. No specific inventory is required to commence operations by Franchisee.
D. The Franchisee has no obligation to lease from the Franchisor or its designee's any goods, supplies, fixtures, equipment, inventory or real estate relating to the establishment and operation of the franchised business.
 
Item 9: Franchisee's Obligations
A. Franchisee is required to purchase real estate services, technology services, website hosting, web domain names, web design, web management and web marketing services from suppliers approved by the Franchisor.
B. The Franchisor shall provide the Franchisee with a list of approved suppliers.
C. The list of approved suppliers will be updated on a regular basis.
 
Item 10. Financing
Franchisor does not offer financing arrangements to a Franchisee.
 
Item 11: Franchisor's Assistance, Advertising, Computer Systems, and Training
A. Establish Franchisee with a fully operational real estate company.
B. Services offered are residential, commercial, management, business, auctions and investments.
C. The Franchisee will offer additional services as deemed necessary by Franchisor.
 
Item 12. Territory
A. Franchisor will not grant an exclusive area or territory to any Franchisee.
B. Each Franchisee will be responsible for selecting the location of the franchised business.
 
Item 13. Trademarks
A. Franchisor has not registered its trade name, trademark or service mark with the United States Patent and Trademark office at the present time.
B. There are presently no pending interference, opposition or cancellation proceedings or any pending material litigation involving such marks, trade names, logotypes or other commercial symbols which are relevant to their use in this state or other states.
 
Item 14: Patents, Copyrights, and Proprietary Information
There are no registered patents or copyrights which are material to the purchase of the franchise.
 
Item 15: Obligation to Participate in the Actual Operation of the Franchise Business
Franchisor requires the Franchisee to participate in the actual management and operation of the franchise business.
 
Item 16: Restrictions on What the Franchisee May Sell
The Franchisee may offer real estate services and technology services approved by the Franchisor.
 
Item 17: Renewal, Termination, Transfer, and Dispute Resolution
A. The initial term of the franchise is for a period of two years and is not affected by any other agreements including leases.
B. Franchisee shall have the option to renew the franchise for an additional two year term.
C. Upon the termination of the franchise for any cause, the franchisee shall retain no interest in the franchise business.
D. The Franchisor need not repurchase the franchise under any condition. The Franchisor does retain the right of first refusal to repurchase the franchise.
E. Franchisee may terminate the franchise agreement at any time by giving Franchisor thirty days written notice.
 
Item 18. Public Figures
Franchisor does not at the present time have any arrangements of any kind with public figures.
 
Item 19: Financial Performance Representations
Franchisor does not make any claims with respect to actual, average, projected or forecasted franchise sales, profits or earnings.
 
 
Item 20: Outlets and Franchisee Information
A. No franchise's have been terminated or cancelled by the Franchisor.
There are currently 0 Franchises operating in 50 states.
B. The Franchisor will grant at least 50 franchises in most states throughout the United States.
C. It is estimated that at least 100 franchises will be granted during the next five years.
 
 
FRANCHISE AGREEMENT
 
 
This agreement is made on March _____ 2017 by and between UNDISCOVERED PROPERTIES, INC hereinafter called Franchisor and _____________________________ hereinafter called Franchisee.
 
A) Whereas, the Franchisor has developed and innovated a unique method of conducting its business.
B) Whereas, the Franchisor is the owner of all rights, title and interest in and to its trade name, trademark, service mark, quality control methods, advertising, copyrights and logotypes.
C) Whereas, the Franchisor is willing and agrees to grant the Franchisee such franchise under the terms and conditions as hereinafter set forth.
 
Now therefore, the parties agree as follows:
 
1. FRANCHISE FEE Franchisee Please Initial Here ___
A. For and in consideration of the grant of the franchise, the initial franchise fee is $500.
B. The initial franchise fee is refundable.
D. Initial franchise fee is $0 for existing licensed real estate agents or brokers in the state of Florida, any member of the Military, Veterans and Disabled Americans.
C. Franchisee may terminate the agreement within thirty days and receive a complete refund of initial franchise fee.
 
 
2. SERVICE FEES Franchisee Please Initial Here ___
A. In addition to the initial franchise fee, the Franchisee is required to pay a monthly service fee in the amount of $100.
B. The monthly service fees are non-refundable.
C. Franchisee will receive 90/10 commission split on each transaction. Franchisee (90%), Franchisor (10%).
 
3. TERM AND RENEWAL Franchisee Please Initial Here ___
The initial term of this agreement shall be for a period of two ( 2 ) years. Franchisee shall have the option to renew the franchise for an additional two ( 2 ) year period by signing the then current franchise agreement.
The Franchisor may refuse to renew a franchise on the following basis.
A. Franchisee is in default of any provision in the franchise agreement.
B. Franchisee fails to give written notice of intent to renew thirty days prior to expiration of the current franchise agreement.
C. Franchisee fails to execute the then current franchise agreement.
 
4. TERMINATION Franchisee Please Initial Here ___
Franchisor may terminate the franchise agreement under the following basis.
A. Franchisee is in default of any provision in the franchise agreement.
B. Franchisee breaches any provision in the franchise agreement.
C. Franchisee fails to submit monthly payments.
D. Expiration of the natural term of franchise agreement without renewal.
E. Franchisor must give Franchisee thirty days written or electronic mail notice to correct deficiency.
Franchisee may terminate the franchise agreement under the following basis.
A. Franchisor is in default of any provision in the franchise agreement.
B. Expiration of the natural term of franchise agreement without renewal.
C. Franchisee must give Franchisor thirty days written or electronic mail notice to correct deficiency.
D. Franchisee may terminate the franchise agreement at any time by giving Franchisor thirty days written notice.
 
5. TERMINATION PROCEDURES Franchisee Please Initial Here ___
Upon termination of this franchise agreement for any reason:
Franchisee agrees to comply with all termination procedures now in effect or hereinafter adopted by the Franchisor.
 
6. PROPRIETARY MARKS Franchisee Please Initial Here ___
A. Franchisor reserves the right to approve all signs, stationary, business cards, forms and all other material used by the Franchisee.
B. Franchisor has the exclusive right to defend its proprietary marks. Franchisee agrees to cooperate to whatever extent necessary in protecting such marks.
 
7. ADVERTISING Franchisee Please Initial Here ___
Franchisee must submit all promotional and advertising materials to Franchisor for approval.
 
8. APPROVED SUPPLIERS Franchisee Please Initial Here ___
Franchisee is required to purchase real estate services, products, advertising services, website services and technology services from suppliers approved by the Franchisor.
 
Florida Real Estate 63 Hour Pre-Licensing Course ($200).
Florida Professional Corporation or Limited Liability Company ($100).
DBPR State License Application Fee ($90).
Pearson Vue Testing Fee ($35).
Background Finger-Printing Fee ($50).
National Association of Realtors (One Year Membership $150).
Florida Realtors Association (One Year Membership $150).
Realtors Association of the Palm Beaches (One Year Membership $200).
Regional Multiple Listing Service (One Year Membership $200).
 
A. The Franchisor shall provide the Franchisee with a list of approved suppliers.
B. The Franchisor will revise the approved supplier list from time to time. Updated list of approved suppliers will be available to the Franchisee on a continuous basis.
C. Suppliers are evaluated to meet minimum standards established by the Franchisor.
D. The Franchisee shall obtain the Franchisor's written approval prior to the use of any supplier not previously approved by the Franchisor, and as a precondition to the granting of such approval, may require additional information regarding the services. The Franchisor will advise the Franchisee in writing within a reasonable time whether the requested supplier meet's the Franchisor's standards.
 
9. DEATH OR INCAPACITY OF FRANCHISEE Franchisee Please Initial Here __
A. The franchise shall terminate upon the death of the Franchisee or the Franchisee being determined to be legally incompetent or the Franchisee becomes insolvent or the Franchisee is adjudicated bankrupt or the Franchisee is convicted of a felony.
B. The Franchisee's heir's or personal representatives may continue to operate the franchise providing all assignee's agree to the franchise agreement and all collateral agreements.
 
10. OBLIGATIONS OF THE FRANCHISOR Franchisee Please Initial Here __
Prior to the opening of the franchise business, the Franchisor shall:
A. Provide unlimited consultation on the method of conducting the franchise business.
During the operation of the franchise business, the Franchisor shall provide such continuing advice and support as it deems appropriate in its absolute discretion.
B. Provide unlimited consultation in order to maintain quality control.
C. On going business development, continuous training, product awareness and informational services.
D. The Franchisor offers continuous and unlimited assistance to Franchisee in connection with the operation of the franchised business.
 
11. OBLIGATIONS OF THE FRANCHISEE Franchisee Please Initial Here __
A. Franchisee agrees to comply with all standards and procedures now in effect or hereinafter adopted by the Franchisor.
B. Franchisee agrees to comply with all federal, state, local and county laws regarding the operation of a real estate company.
 
REPORTS Franchisee Please Initial Here ___
Franchisee must submit business records, financial statements, invoices, bills, receipts, legal documents, insurance policies, income tax returns, periodic reports and business forms to be determined by the Franchisor.
 
12. TRAINING Franchisee Please Initial Here ___
A. Training is one of the greatest benefits that we offer to you and your staff. Enhancing skills and improving productivity is a strong commitment to providing quality learning opportunities. The training programs are designed to ensure efficiency in learning and support resources which will help you achieve a successful relationship with all your clients. Web based training is a cost effective and easy way to provide real estate professionals with unlimited knowledge.
B. The Franchisee will have the opportunity to attend local, regional, national and international trade shows, conventions and seminars.
 
13. ASSIGNMENT BY FRANCHISOR Franchisee Please Initial Here __
Franchisor or its owners may sell or assign all or any interest in the franchise agreement without written notification and without consent of the Franchisee. The franchise agreement is fully assignable by Franchisor and shall inure to the benefit of the assignee or other legal successor.
 
14. ASSIGNMENT BY FRANCHISEE Franchisee Please Initial Here __
The Franchisee or its owners may sell or assign all or any interest in the ownership of the franchise or assets of the franchise business with the prior written consent of the Franchisor, which shall not be unreasonably withheld.
 
15. MODIFICATION Franchisee Please Initial Here __
The Franchisor may modify the franchise agreement upon thirty days written or electronic notice to the Franchisee. Any notice delivered by mail or electronic mail shall be deemed delivered five days after mailing or electronic mailing.
 
16. INDEMNIFICATION Franchisee Please Initial Here __
Franchisor will not be be liable for any debt or any other financial obligation of the Franchisee.
 
INSURANCE Franchisee Please Initial Here ___
Franchisee must secure and maintain insurance for the entire term of this agreement as follows:
A. General comprehensive auto liability and property damage coverage endorsement on your current policy. The insurance policy must contain a separate endorsement naming Undiscovered Properties, Inc. as additional insured.
B. Comprehensive errors and omissions coverage (included in the monthly service fee).
C. Franchisee must furnish complete copies of all insurance policies to Franchisor.
D. Franchisee must indemnify Franchisor and hold them harmless from and against all claims and damages to persons and property arising from or out of any occurrence relating in any manner to Franchisee's business. Franchisee agrees to pay all costs, expenses and attorney fee's incurred by Franchisor in connection with any such claim.
 
17. NOTICES FROM FRANCHISOR Franchisee Please Initial Here __
Any and all notices shall be in writing and delivered personally, by mail or electronic mail. Any notice delivered by mail or electronic mail shall be deemed delivered five days after mailing or electronic mailing.
 
18. RESOLUTION OF CONTROVERSIES Franchisee Please Initial Here __
Any controversy arising out of or relating to this agreement, or any duty created thereby, shall be resolved by the Franchisor. Failure by the Franchisee to comply with Franchisor will result in termination of the franchise agreement. Franchisee will receive initial franchise fee refund.
 
19. WAIVER Franchisee Please Initial Here __
Failure of Franchisor to take action against a breach or default under this agreement shall not be construed as a waiver of the right to take action against such or similar breach or default.
 
20. CAVEAT Franchisee Please Initial Here ___
The success of the franchise business is very speculative and depends on many factors. Therefore, Franchisor does not make any representation or warranty as to the success of the Franchisee. Franchisor advises Franchisee to discuss the provisions of the franchise with an attorney, accountant and professional advisors. Franchisee acknowledges that a franchise disclosure document has been provided as required by the Federal Trade Commission and State Law.
 
DATED: _____________________
FRANCHISEE (sign): ______________________
PRINT FIRST NAME: ______________________
PRINT LAST NAME: _______________________
SOCIAL SECURITY: _______________________
DATED: _____________________
FRANCHISOR (sign): ______________________
PRINT FIRST NAME: ______________________
PRINT LAST NAME: _______________________
 

 
ACKNOWLEDGEMENT OF RECEIPT BY PROSPECTIVE FRANCHISEE
 
THIS DISCLOSURE DOCUMENT SUMMARIZES CERTAIN PROVISIONS OF THE FRANCHISE AGREEMENT AND OTHER INFORMATION IN PLAIN LANGUAGE. READ THIS DISCLOSURE DOCUMENT AND ALL AGREEMENTS CAREFULLY. WE MUST PROVIDE THIS DISCLOSURE DOCUMENT TO YOU BY THE EARLIEST OF
 
1) FOURTEEN BUSINESS DAYS BEFORE THE SIGNING OF A BINDING AGREEMENT OR PAY ANY FEE.
 
2) YOU MUST ALSO RECEIVE A FRANCHISE AGREEMENT CONTAINING ALL MATERIAL TERMS AT LEAST FIVE BUSINESS DAYS BEFORE YOU SIGN.
 
THE UNDERSIGNED, PERSONALLY AND/OR AS AN OFFICER OR PARTNER OF THE PROPOSED FRANCHISE, DOES HEREBY ACKNOWLEDGE RECEIPT OF THE FRANCHISE DISCLOSURE DOCUMENT FOR PROSPECTIVE FRANCHISEE'S REQUIRED BY THE FEDERAL TRADE COMMISSION AND STATE LAW.
 
DATED: ________________________________
FRANCHISEE (sign):___________________
PERSONAL E-MAIL:____________________
FIRST NAME:__________________________
LAST NAME:___________________________
HOME ADDRESS:______________________
CITY:___________________________________
STATE: ________________________________
ZIP CODE:______________________________
HOME PHONE:_________________________
CELL PHONE:__________________________
 
 
NOTICE REGARDING FRANCHISE OFFERS OR SALES
 
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. There are approximately 200 countries and 50 US states that regulate the offer and sale of this franchise. We will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable jurisdiction.  
 
Undiscovered Properties is a Registered Franchise Company
Florida Department of Consumer Services
Advertising Identification Number BF49991
 
 Undiscovered Properties is Regulated by the Federal Trade Commission
600 Pennsylvania Avenue  Washington DC 20580
 
UNDISCOVERED PROPERTIES, INC.™
LICENSED SCHOOL OF REAL ESTATE
FLORIDA
 
Copyright © 2017 Undiscovered Properties, Inc.™
All Rights Reserved