AMOUNT OF INITIAL FEE. The FRANCHISEE will pay WCH an Initial Fee of __________________________________________________ Dollars ($__________), of which __________________________________________________ Dollars ($__________) will be due and payable on the date this Agreement is executed by the FRANCHISEE, and the remaining balance of the Initial Fee will be due and payable on the earlier of: (A) ten (10) days prior to the date the FRANCHISEE commences initial business operations at its We Care Hair Business; or (B) on the date the FRANCHISEE'S furniture, fixtures and equipment are shipped to the FRANCHISEE. The Initial Fee payable by the FRANCHISEE is payment to WCH for costs incurred by WCH in operating its business, including general sales and administrative costs, business overhead costs, travel costs, long distance telephone calls, training, public relations, advertising, marketing and promotion, legal and accounting fees, compliance with federal and state franchising and other laws, and for the initial services and opening assistance rendered to the FRANCHISEE described in this Agreement.
AMOUNT OF INITIAL FEE. The FRANCHISEE will pay CITY LOOKS an Initial Fee of ________________________________________________________ Dollars ($__________ ), all of which will be due and payable on the date this Agreement is executed by the FRANCHISEE. The Initial Fee payable by the FRANCHISEE is payment to CITY LOOKS for costs incurred by CITY LOOKS in operating its business, including general sales and administrative costs, business overhead costs, travel costs, long distance telephone calls, training, public relations, advertising, marketing and promotion, legal and accounting fees, compliance with federal and state franchising and other laws, and for the initial services and opening assistance rendered to the FRANCHISEE described in this Agreement.
AMOUNT OF INITIAL FEE. The FRANCHISEE will pay COST CUTTERS an Initial Fee of _________________________________________________ Dollars ($_______________), to be paid as indicated below (select one):
______ A. Dollars ($ ) of the Initial Fee will be due and payable on the date this Agreement is executed by the FRANCHISEE, and the remaining balance of the Initial Fee will be due and payable on the earlier of: (i) ten (10) days prior to the date the FRANCHISEE commences initial business operations at its Cost Cutters Business; or (ii) on the date the FRANCHISEE'S furniture, fixtures and equipment are shipped to the FRANCHISEE.
______ B. If and only if the FRANCHISEE enters into equipment and Initial Fee leases with Xxxxx Enterprises Leasing, Inc. for the equipment and Initial Fee utilized in and applicable to the Franchised Location (the "Xxxxx Leases"), the Initial Fee will be due to COST CUTTERS in accordance with terms substantially identical to those terms of the Xxxxx Leases applicable to the Initial Fee. Should any default occur by the FRANCHISEE in the payment of any sums due under the Xxxxx Leases or any sums due under this Article 4.1(B), or should any default by the FRANCHISEE occur under this Agreement, then the entire unpaid balance of the Initial Fee shall be immediately due and payable in full without further notice. Notwithstanding the provisions of Article 4.3 below or any other provision of this Agreement to the contrary, the Initial Fee is not refundable to the FRANCHISEE.
______ C. The entire amount of the Initial Fee will be due and payable on the date this Agreement is executed by the FRANCHISEE. The Initial Fee payable by the FRANCHISEE is payment to COST CUTTERS for costs incurred by COST CUTTERS in operating its business, including general sales and administrative costs, business overhead costs, travel costs, long distance telephone calls, training, public relations, advertising, marketing and promotion, legal and accounting fees, compliance with federal and state franchising and other laws, and for the initial services and opening assistance rendered to the FRANCHISEE described in this Agreement.
