Common use of Accounting and Records Clause in Contracts

Accounting and Records. A. Beginning on the Effective Date and throughout the remainder of the term of this Agreement, Franchisee shall maintain and preserve, for at least five (5) years from the dates of their preparation, full, complete and accurate books, records and accounts in accordance with generally accepted accounting principles consistently applied and in the form and manner prescribed in the Manual or otherwise in writing. Franchisee’s obligation to preserve such books, records and accounts shall survive the termination hereof.

Appears in 7 contracts

Samples: Franchise Agreement, Relicensing Franchise Agreement (Apple REIT Nine, Inc.), Relicensing Franchise Agreement (Apple REIT Eight, Inc.)

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Accounting and Records. A. Beginning on the Effective Date and throughout the remainder of 10.1. Franchisee shall maintain during the term of this Agreement, Franchisee and shall maintain and preserve, preserve for at least five four (54) years from the dates of their preparation, full, complete complete, and accurate books, records records, and accounts in accordance with generally accepted accounting principles consistently applied and in the form and manner prescribed by Franchisor from time to time in the Manual or otherwise in writing. Franchisee’s obligation to preserve such books, records and accounts shall survive the termination hereof.

Appears in 4 contracts

Samples: Unit Franchise Agreement (NPC Restaurant Holdings, LLC), Unit Franchise Agreement (Davco Acquisition Holding Inc), Unit Franchise Agreement (Friendco Restaurants Inc)

Accounting and Records. A. Beginning on the Effective Date and throughout the remainder of Franchisee shall maintain during the term of this Agreement, Franchisee and shall maintain and preserve, preserve for at least five (5) years from the dates of their preparation, full, complete and accurate books, records and accounts in accordance with generally accepted accounting principles consistently applied and in the form and manner prescribed by Franchisor from time to time in the MOD Manual or otherwise in writing. Franchisee’s obligation to preserve such books, records and accounts shall survive the termination hereof.

Appears in 2 contracts

Samples: americanfranchiseassociation.com, Franchise Agreement (Bertuccis of White Marsh Inc)

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Accounting and Records. A. Beginning on the Effective Date and throughout the remainder of During the term of this Agreement, Franchisee shall maintain and preserve, for at least five six (56) years from the dates of their preparation, full, complete and accurate books, records and accounts accounts, in connection with the Franchised Business, in accordance with generally accepted accounting principles consistently applied or international financial reporting standards applicable in the Area of Responsibility and in the form and manner prescribed in the Manual or otherwise by Franchisor from time to time in writing. Franchisee’s obligation to preserve such books, records and accounts shall survive the termination hereof.

Appears in 1 contract

Samples: International Franchise Agreement (Consolidation Services, Inc.)

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