Common use of Remedies of the Contractor Clause in Contracts

Remedies of the Contractor. 1. If the Contractor terminates this Agreement pursuant to Sections 30.B.1 or 30.B.2, the Contractor shall receive $200,000 if termination occurs during the first year, $100,000 if termination occurs during the second year, $50,000 if termination occurs during the third year, $10,000 if termination occurs during the fourth year and $10,000 if termination occurs the fifth year of this Agreement, as liquidated damages.

Appears in 6 contracts

Samples: Collection Franchise Agreement, Collection Franchise Agreement, Franchise Agreement

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