Common use of DEATH OR INCAPACITY OF FRANCHISEE Clause in Contracts

DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of an individual Franchisee, or any partner of a Franchisee which is a partnership or any shareholder owning fifty percent (50%) of more of the capital stock of a Franchisee which is a corporation, the heirs, beneficiaries, devisees, or legal representatives of said individual, partner or shareholders shall, within one hundred eighty (180) days of such event:

Appears in 3 contracts

Samples: Franchise Agreement (Newriders Inc), Franchise Agreement (Newriders Inc), Franchise Agreement (Newriders Inc)

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DEATH OR INCAPACITY OF FRANCHISEE. A. 22.1 In the event of the death or incapacity of an individual Franchisee, or any partner of a Franchisee which is a partnership or any shareholder stockholder owning fifty percent (50%) of or more of the capital stock of a Franchisee which is a corporation, the heirs, beneficiaries, devisees, or legal representatives of said individual, partner or shareholders shallstockholders shall notify Franchisor within fifteen (15) days of death or incapacity, and, within one hundred eighty (180) days of such event:

Appears in 1 contract

Samples: Franchise Agreement (Ta Operating Corp)

DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of an individual Franchisee, or any partner of a Franchisee which is a partnership or any shareholder owning fifty percent (50%) of or more of the capital stock of a Franchisee which is a corporation, the heirs, beneficiaries, devisees, devisees or legal representatives representative of said individual, partner or shareholders shall, within one hundred eighty (180) days of such event:

Appears in 1 contract

Samples: Franchise Agreement (Pick Ups Plus Inc)

DEATH OR INCAPACITY OF FRANCHISEE. A. In the event of the death or incapacity of an individual Franchisee, or any partner of a Franchisee which is a partnership or any shareholder owning fifty percent (50%) of % or more of the capital stock of a Franchisee franchise which is a corporation, the heirs, beneficiaries, devisees, or legal representatives of said individual, partner or shareholders shall, within one hundred eighty (180) 180 days of such event:

Appears in 1 contract

Samples: Franchise Agreement (Successories Inc)

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DEATH OR INCAPACITY OF FRANCHISEE. A. a. In the event of the death or incapacity of an individual Franchisee, or of any partner of shareholder, partner, or member in a Franchisee franchise which is a partnership or any shareholder owning fifty percent (50%) of more business entity, the legal representative of the capital stock individual Franchisee, or of the surviving shareholders, partners, or members in case of a Franchisee which is business entity, may for a corporation, the heirs, beneficiaries, devisees, or legal representatives period of said individual, partner or shareholders shall, within one hundred eighty ninety (18090) days from the date of such event:death or incapacitation continue to operate the Franchised Business, provided that the operation is conducted in accordance with the terms of this Agreement and any other agreements with Franchisor.

Appears in 1 contract

Samples: Franchise Agreement (Gfy Foods Inc)

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