Franchise Rights Sample Clauses
The Franchise Rights clause defines the specific rights and privileges granted to a franchisee by the franchisor under a franchise agreement. Typically, this clause outlines the franchisee’s authority to operate a business using the franchisor’s trademarks, systems, and proprietary methods within a designated territory and for a specified period. It may also detail any limitations on the use of intellectual property, the scope of products or services offered, and the conditions under which these rights may be transferred or renewed. The core function of this clause is to clearly delineate the legal boundaries and entitlements of the franchise relationship, thereby preventing misunderstandings and protecting both parties’ interests.
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Franchise Rights. Publisher shall have a right of first refusal and last refusal rights (matching rights for all offers made and received) to publish any prequel or sequel to the Product. The terms of such rights shall be negotiated in good faith. In the event the Product sells over 150,000 units, Publisher shall automatically have the right to publish a prequel or sequel and Developer agrees that development costs will not to exceed $300,000 excluding any third-party licensing fee..
Franchise Rights. Seller is in material compliance with the terms, conditions and obligations set forth in the Franchise Agreements for the Stores.
Franchise Rights. Not permit any change, termination, or loss of its or any Subsidiary's rights to operate as a franchisee of Pizza Hut, Inc., which would have a material adverse affect on the Company and its Subsidiaries taken as a whole.
Franchise Rights. HI hereby grants to USL the exclusive right to franchise and distribute the Equipment in the Licensed Area subject to the terms and conditions of this Agreement.
Franchise Rights. To the extent their transfer is permitted, all franchise rights held by Sellers, as described in Exhibit "K" (the "Franchise Rights"), including food franchises.
Franchise Rights. 13 Section 3.1.7 Good Title to and Condition of the Assets 14 Section 3.1.8 Licenses and Permits 14 Section 3.1.9 Documents of and Information with Respect to the Companies 14 Section 3.1.10 Litigation 15 Section 3.1.11
Franchise Rights. Prior to the Effective Date of this Lease, St. Michaels shall give its consent in writing to the exercise by Delmarva during the term hereof of Delmarva’s franchise authority necessary to operate the Leased Facilities located within the corporate limits of the Town and shall assist Delmarva in obtaining similar consents from other jurisdictions necessary to operate the Leased Facilities located outside the corporate limits of the Town.
Franchise Rights. In connection with the purchase of the Stores, Franchisor and Buyer agree to execute Franchisor’s latest form of Franchise Agreement for each Store.
Franchise Rights. Lessee owns all of the rights and privileges relative to the franchise rights associated with Roadhouse Grill restaurants, including, without limitation, any and all trade secrets, tradenames and trademarks relative thereto (collectively, the "Franchise Rights"), free and clear of any and all rights, liens, interests, claims, and encumbrances, except for the rights and privileges granted to Lessee's approved franchisees. Lessee has the right to operate the Premises as a Roadhouse Grill restaurant during the Lease Term.
Franchise Rights. Back Yard Burgers, Inc. will grant Individuals the exclusive option to purchase the franchise rights for the cities of Hot Springs, Malvern, Arkadelphia and Bryant, Arkansas. The purchase price will be the price in effect under the then current Back Yard Burgers, Inc. Uniform Franchise Offering Circular. This option, if not exercised, will expire if this Agreement is terminated, or December 31, 2003, whichever is sooner.