Common use of Limitation on Franchise Fee Actions Clause in Contracts

Limitation on Franchise Fee Actions. The parties agree that the period of limitation for recovery of any Franchise Fee payable hereunder shall be forty-eight (48) months from the date on which the applicable payment by the Franchisee is due.

Limitation on Franchise Fee Actions. The parties agree that the period of limitation for recovery of any Franchise Fee payable hereunder shall be fortythirty-eight six (4836) months from the date on which the applicable payment by the Franchisee is due.