Initial Franchise Fee. You must pay to us a nonrefundable Initial Franchise Fee of $10,000. The Initial Franchise Fee, payable in full on the date you sign this Agreement, is earned upon receipt and is in consideration for our expenses incurred and services rendered in granting you the franchise rights.
Initial Franchise Fee. In consideration for the right to develop and operate one ROCKY MOUNTAIN CHOCOLATE FACTORY Store, the Franchisee agrees to pay to the Franchisor an initial franchise fee in the amount set forth in Exhibit I attached hereto, all of which is due and payable on the date the Franchisee signs this Agreement. The Franchisee acknowledges and agrees that the initial franchise fee represents payment for the initial grant of the rights to use the Marks and Licensed Methods, that the Franchisor has earned the initial franchise fee upon receipt thereof and that the fee is under no circumstances refundable to the Franchisee after it is paid, except as set forth in Section 5.8 of this Agreement. If a transfer occurs, no initial franchise fee shall be due at the time that the Franchisee transfers the Store to another party, but a transfer fee will apply as set forth in Section 16.2 of this Agreement.
Initial Franchise Fee. You agree to pay us a nonrecurring and nonrefundable initial lump sum franchise fee in the amount of Thirty Five Thousand ($35,000) Dollars, which, if fully paid by you, will be fully earned by us upon the execution of this Agreement.
Initial Franchise Fee. 3 4.1. Initial Franchise Fee.......................................................................3
Initial Franchise Fee. Liberty will pay Area Developer, as detailed under Section 3.10, an amount equal to ____% of the initial franchise fee and interest on promissory notes, if and only to the extent that such interest is on franchise fees or royalties (except on interest already due and owing before the date of this Agreement), paid to Liberty by a Franchisee during the Term, pursuant to the terms in the franchise agreement between Franchisee and Liberty (“Franchise Fees” and “Royalties”), for the first time that a territory is purchased by a franchisee, except Franchise Fees already due and owing before the Effective Date of this Agreement. Liberty will also pay to Area Developer the same percentage of any change fees for modifying the opening schedule of a multi-territory stipulation which a Franchisee pays to Liberty during the Term, except change fees already due and owing before the Effective Date of this Agreement.
Initial Franchise Fee. The initial franchise fee is Twenty-five Thousand Dollars ($25,000.00). If, however, the Territory is a Mid-Market Territory, the initial franchise fee is Sixteen Thousand Five Hundred Dollars ($16,500.00) and if the Territory is a Small Market Territory, then the initial franchise fee is Ten Thousand Dollars ($10,000).
Initial Franchise Fee. FRANCHISEE agrees to pay to COMPANY a nonrecurring initial franchise fee in the amount specified in Section 4 of Exhibit A which shall be payable to COMPANY upon the execution of this Agreement. The initial franchise fee shall be fully earned by COMPANY and nonrefundable.
Initial Franchise Fee. The amount of the initial franchise fee, set forth in Section 4.1 of the Agreement, shall be: $ . Fully executed this day of , 2005. ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. By: Title: FRANCHISEE: Individually AND: (if a corporation or partnership) Company Name By: Title: In consideration of, and as an inducement to, the execution of the above Franchise Agreement (the “Agreement”) by Rocky Mountain Chocolate Factory, Inc. (“the Franchisor”), each of the undersigned xxxxxx personally and unconditionally: Guarantees to the Franchisor and its successors and assigns, for the term of this Agreement, including renewals thereof, that the franchisee, as that term is defined in the Agreement (“Franchisee”), shall punctually pay and perform each and every undertaking, agreement and covenant set forth in the Agreement; and Agrees to be personally bound by, and personally liable for the breach of, each and every provision in the Agreement. Each of the undersigned waives the following:
1. Acceptance and notice of acceptance by the Franchisor of the foregoing undertaking;
2. Notice of demand for payment of any indebtedness or nonperformance of any obligations hereby guaranteed;
3. Protest and notice of default to any party with respect to the indebtedness or nonperformance of any obligations hereby guaranteed;
4. Any right he or she may have to require that any action be brought against Franchisee or any other person as a condition of liability; and
5. Any and all other notices and legal or equitable defenses to which he or she may be entitled. Each of the undersigned consents and agrees that:
1. His or her direct and immediate liability under this guaranty shall be joint and several;
2. He or she shall render any payment or performance required under the Agreement upon demand if Franchisee fails or refuses punctually to do so;
Initial Franchise Fee. 3.1 Upon executing this Agreement, You will pay to FUA the Initial Franchise Fee as described below: Franchise Fee per unit: (Single Unit Franchise) Initial Franchise Fee: $ 17,500.00
3.2 The Initial Franchise Fee is only refundable if You fail to select a site that is acceptable to FUA in accordance with Section 7.1. Other than that circumstance, the Initial Franchise Fee is not refundable under any conditions once You have paid Your Franchise Fee.
Initial Franchise Fee. Notwithstanding the provisions of Section 4.1 of the Franchise Agreement, Franchisee shall not pay Franchisor an Initial Franchise Fee.
