JUNG
Non-Compete, Confidentiality, and Franchise Licensing Agreement
Authorized Service Entity: Jung International LLC
NON-COMPETE, CONFIDENTIALITY, AND FRANCHISE LICENSING AGREEMENT
This Agreement ("Agreement") is entered into as of [DATE] ("Effective Date") by and between Jung International LLC, a limited liability company organized under the laws of Illinois with its principal place of business at __________________________ ("Company"), and [Company Name], residing at __________________________ ("Licensee").
1. PURPOSE
The Licensee, [Company Name], acknowledges that the Company owns proprietary business systems, physical product designs, branding, and operational methods—including its proprietary "cabinet" ecosystem. The cabinet is a comprehensive operating system designed for small businesses to manage their entire business online. It enables them to build, design, market, and sell their own technology by effortlessly digitalizing their physical work processes into a custom solution. This Agreement protects these assets while granting limited rights for use under Franchise Number: 0001.
2. GRANT OF LICENSE (CABINET & SYSTEM)
The Company grants [Company Name] a limited, non-exclusive, non-transferable license to use the Company’s proprietary cabinet operating system, design, branding, and associated digital/physical processes ("Licensed System") solely for approved business operations.
The Licensee shall not:
- Copy, reverse engineer, or reproduce the cabinet design or software
- Sell or sublicense the system without written consent
- Use the system outside the agreed business purpose
All rights not expressly granted remain with Jung International LLC.
3. REVENUE SHARE / ROYALTY
In consideration for the use of the Licensed System, the Licensee agrees to pay the Company:
30% of gross revenue generated from the use of the cabinet and associated business operations.
- Payments shall be made monthly
- Reports must include full revenue breakdowns
- Late payments not received within 5 days of the due date may incur a one-time 5% late fee, and outstanding balances shall accrue interest at a rate of 1.5% per month (or the maximum rate permitted by law).
The Company reserves the right to audit financial records with reasonable notice.
4. NON-COMPETE
During the term of this Agreement and for a period of 24 months after termination, [Company Name] agrees not to:
- Operate or participate in any competing business using similar cabinet systems or business models
- Develop or deploy a competing product derived from the Company’s system
5. NON-SOLICITATION
[Company Name] agrees not to:
- Solicit customers, clients, or partners of the Company
- Recruit employees or contractors of the Company
This restriction applies during the Agreement and for 24 months after termination.
6. CONFIDENTIALITY
[Company Name] agrees not to disclose or use confidential information, including:
- Cabinet designs and specifications
- Business processes and pricing
- Marketing strategies and client data
This obligation survives indefinitely.
7. OWNERSHIP OF SYSTEM
The cabinet design, branding, systems, and all intellectual property remain the exclusive property of Jung International LLC.
Any improvements, modifications, or derivative works created by [Company Name] shall automatically become the property of the Company.
8. TERM AND TERMINATION
This Agreement shall remain in effect until terminated by either party with 30 days written notice.
The Company may terminate immediately for:
- Breach of payment obligations
- Unauthorized use of the system
- Violation of non-compete or confidentiality
Upon termination, [Company Name] must:
- Cease all use of the cabinet/system
- Return or destroy proprietary materials
9. ENFORCEMENT
[Company Name] agrees that any breach would cause irreparable harm. The Company is entitled to:
- Injunctive relief
- Monetary damages
- Recovery of legal fees where permitted
10. SEVERABILITY
If any provision is deemed invalid, the remainder of the Agreement shall remain enforceable.
11. GOVERNING LAW
This Agreement shall be governed by the laws of the State of Illinois.
12. ENTIRE AGREEMENT
This document represents the entire agreement between the parties and supersedes all prior agreements.
13. SIGNATURES
Jung International LLC
By:
Name: Lawrence Corso
Title: Owner
Date: [DATE]
[Company Name] (Licensee)
By: __________________________
Name: [Recipient Name]
Franchise Number: 0001
Date: [DATE]
Project Reference Materials
