Common use of Execution of Franchise Agreement Clause in Contracts

Execution of Franchise Agreement. Simultaneously with the execution and delivery of this Franchise Agreement, FRANCHISEE shall pay to FRANCHISOR the sum of Twenty-Five Thousand Dollars ($25,000) or Twelve Thousand Five Hundred Dollars ($12,500) in the case of any additional franchises). After such payment by FRANCHISEE, such portion of the Initial Franchise Fee shall not be refundable. (2)

Execution of Franchise Agreement. Simultaneously with the execution and delivery of this Franchise Agreement, FRANCHISEE shall pay to FRANCHISOR the sum of Twenty-Five Thousand Dollars ($25,000) or Twelve Thousand Five Hundred Dollars ($12,500) in the case of any additional franchises). After such payment by FRANCHISEE, such portion of the Initial Franchise Fee shall not be refundable. (2).