Common use of Acknowledgment of Restrictions Clause in Contracts

Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the City Looks Business System and the Marks, as well as CITY LOOKS' reputation and image, and are for the protection of CITY LOOKS, the FRANCHISEE and all other franchisees who own and operate City Looks businesses. Any assignment or transfer permitted by this Article 10 will not be effective until CITY LOOKS receives a completely executed copy of all transfer documents and CITY LOOKS consents to the transfer in writing, any attempted assignment or transfer made without complying with the requirements of this Article 10 will be void.

Acknowledgment of Restrictions. The FRANCHISEE acknowledges and agrees that the restrictions on transfer imposed herein are reasonable and are necessary to protect the City Looks Business System and the Marks, as well as CITY LOOKS' reputation and image, and are for the protection of CITY LOOKS, the FRANCHISEE and all other franchisees who own and operate City Looks businesses. Any assignment or transfer permitted by this Article 10 20 will not be effective until CITY LOOKS receives a completely executed copy of all transfer documents and CITY LOOKS consents to the transfer in writing, any attempted assignment or transfer made without complying with the requirements of this Article 10 20 will be void.