Spa Concept Franchise Sample Clauses

Spa Concept Franchise. (1) The business conducted in the Space, or the Program, as referred to in Section 1(a) and Exhibit B shall be the sole and exclusive property of Obagi Inc., Dr. Obagi and/or its nominee and the operations obligations shall solely be Dr. Obagi’s and/or Obagi Inc.’s (excluding OMP’s commitment pursuant to the accompanying Lease Agreement); (2) During the Term of this Agreement and six months thereafter, Obagi Inc. hereby grants to OMP a first option to an exclusive worldwide right to open or cause a third party to open any business similar to the business conducted in the Space for the remainder of the Term, if any, and three years thereafter. OMP shall have thirty (30) calendar days of being notified by Obagi Inc. of its intention of opening such business and its proposed location, to notify Obagi Inc. in writing that it desires to exercise such option. If OMP does not deliver such notification to Obagi Inc., then Obagi Inc., if allowed to do so pursuant to Section 4, and subject to the conditions of Sections 3(b) and 3(c), is hereby permitted to (a) open such business itself or (b) grant a license to a third party to open such business.
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Related to Spa Concept Franchise

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