| Disclaimer and disclosure statement to follow:
Acceptance
of this franchise application by us should not be considered
a grant of a franchise. Franchises are granted
only by executing a written franchise agreement. I authorize
Venti
Corp. and their respective assigns collectively known as
(“Venti”)
to initiate any investigations deemed necessary to verify
the accuracy of information provided by me and I warrant
that all
information provided is true and accurate. I understand that
I have the right to request that Venti make a complete discloser
of the nature and scope of any inquiries. I hereby authorize
credit
reporting agencies, creditors, suppliers and banks to release
to Venti and to Venti to release to such parties any and
all information requested, my loan, depository or other credit
information
including
financial information without limit by telephone, fax or
in writing as part of the credit evaluation process.
I hereby release Venti, my bank(s), creditors and suppliers
from all liability with respect to the release of any such requested
information. Authorization is granted to use fax or photo copies
of my signature to obtain information. I authorize Venti to
discuss any derogatory credit items with co-applicants if application
is combined with other co-applicants. I understand that Venti
may require at any time a signed updated application or to provide
additional information. I acknowledge that I have read and agree
to be bound by terms of the Non-Disclosure and Confidentiality
Agreement below.
Non-Disclosure and Confidentiality Agreement:
The individual submitting the application (“Applicant”)
has applied to become a Venti Corp. Franchisee (“Venti”)
and acknowledges that during the application process may become
privy to certain information regarding the business of Venti and
it’s franchise operations, which are considered by Venti
to be proprietary and confidential. Venti agrees to divulge
such information only if applicant protects the confidentiality
of
said information by agreeing to the following terms and conditions:
A) Confidentiality:
Applicant, it’s affiliates, employees, officers and directors,
agrees to maintain all information disclosed by Venti as confidential
and shall not disclose in any form directly or indirectly to
a third party without the prior written consent of Venti. Applicant
agrees to limit the dissemination of information to those employees
and consultants whose duty justifies its release.
Return information: Applicant shall return all information and
all copies of information provided by Venti within 10 days of
written request.
B) No Rights in Information:
Neither the Disclosure of Information or this agreement shall
be considered or deemed in any way to convey to applicant
the rights to the information or any of it’s use or trade
secrets of Venti.
C) Breach of any Provision:
A breach of any provision here in will be theft of Venti trade
secrets and will cause irreparable harm and damage to Venti.
Venti shall be entitled to any threatened or actual violation
of any of the provisions of this agreement. Venti may also
recover damages in addition to injunctive relief caused by applicants
violation of the provisions of this agreement (including
third party violation) in any action brought to enforce any provisions
of this agreement shall entitle Venti to reasonable attorney’s
fees and costs.
D) Illinois Law:
This agreement is made under law and shall be enforced in accordance
with state of Illinois law. The parties agree that the proper
venue for disputes shall be in the District Court, County of
Cook and the parties waive any objection they may have o the
personal jurisdiction of/or venue in such courts.
E) Severability:
Any provision in this agreement, which may prove unenforceable
under any law or by any court, shall not affect the validity
of any other provision here in. |
