Who are the parties to the Back Office Services Agreement for Management Recruiters?

According to Management Recruiters's 2024 Franchise Disclosure Document, the parties to the Back Office Services Agreement are HQ MRI Corporation, identified as the Franchisor, and the Franchisee. The franchisee's specific name and entity type (e.g., corporation, LLC) are not specified in the agreement template but are to be filled in when the agreement is executed.

This agreement is entered into concurrently with the Franchise Agreement, establishing a formal business relationship between Management Recruiters (HQ MRI Corporation) and the individual or entity becoming a franchisee. The agreement outlines the terms and conditions under which HQ MRI Corporation will provide back-office services to the franchisee.

Prospective franchisees should note that this agreement is contingent upon the execution of the Franchise Agreement. Understanding the full scope of the Back Office Services Agreement is crucial, as it defines the responsibilities and obligations of both parties regarding essential administrative and support functions. Franchisees should carefully review this agreement with legal counsel to ensure they understand their rights and obligations.