The Letter of Intent For Franchise Application is a crucial initial document in the New Zealand franchise acquisition process. It is typically used when a prospective franchisee wishes to formally express their interest in acquiring a franchise after preliminary discussions but before entering into detailed negotiations or receiving sensitive business information. The document serves multiple purposes: it demonstrates the applicant's serious intention, provides basic information about their qualifications and financial capacity, and establishes initial confidentiality obligations. While operating under New Zealand law, which doesn't have specific franchise legislation, the document incorporates elements of general commercial law, fair trading practices, and contract law principles. It is designed to be non-binding in terms of the franchise acquisition itself but may contain binding provisions regarding confidentiality and exclusivity during the application process.
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1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date
2. Subject Line: Clear indication that this is a Letter of Intent for Franchise Application
3. Introduction: Brief introduction of the applicant and statement of intent to apply for the franchise
4. Business Background: Overview of applicant's relevant business experience and qualifications
5. Financial Capability: General statement about financial capacity and funding sources
6. Proposed Location: Identification of proposed territory or location for the franchise
7. Timeline: Proposed timeline for proceeding with the franchise application process
8. Confidentiality Statement: Statement acknowledging the confidential nature of any information exchanged
9. Non-Binding Nature: Clear statement that this is not a binding agreement to proceed (except for confidentiality)
10. Next Steps: Proposed course of action and request for further information/discussion
11. Closing: Formal closing, signature block, and contact details
1. Specific Business Plan Overview: Brief outline of business plan if required by franchisor or if applicant wants to demonstrate detailed preparation
2. Team Description: Information about key team members if applying as a group or company
3. Multi-Unit Interest: Section indicating interest in multiple units or territory development rights
4. Special Requirements: Any special requests or requirements for the franchise arrangement
5. Prior Franchise Experience: Detailed section about previous franchise experience if applicable
6. Specific Investment Range: Detailed financial commitment section if discussing specific investment levels
1. Resume/CV: Professional background of the applicant(s)
2. Financial Statement Summary: Basic overview of financial position or proof of funds
3. Preliminary Business Plan: High-level business plan if required
4. Location Analysis: Basic analysis or information about proposed location if specific site identified
5. Corporate Documents: Company registration documents if applying as a corporate entity
6. Reference Letters: Professional or financial references if available
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