OpenLegislation

Paragraph 33 Additional information where new agreement is a pub franchise agreement

Original text. Later amendments are not shown.

(1)

Where the new agreement being entered into is a pub franchise agreement—

(a)

information about any initial and ongoing fees payable by the tenant to the pub-owning business under the agreement;

(b)

details of the fixed share of turnover or the relevant share of turnover granted to the tied pub tenant;

(c)

a description of the new agreement which demonstrates that it is a pub franchise agreement; and

(d)

a forecast of a profit and loss statement for the tied pub for the period of 12 months beginning with the day on which the franchise agreement is proposed to be entered into (“the franchise forecast period”).

(2)

The statement required under sub-paragraph (1)(d) must include the figures and other information specified in paragraph 5(a) to (i) of Schedule 2 to these Regulations.

(3)

For the purposes of the duty under sub-paragraph (1)(d), references in paragraph 5 of Schedule 2 to the “forecast period” must be read as references to “the franchise forecast period”.