Concept Restaurants definition
Examples of Concept Restaurants in a sentence
The provisions of this Agreement also shall apply to the Dual Concept Restaurants operated and subfranchised by CKE that are in existence as of the date of this Agreement.
With respect to all existing CKR Dual Concept Restaurants as of the Effective Date ("Existing Dual Concept Restaurants"), the provisions of this Agreement shall supersede the existing Franchise Agreements between the CKR Companies and GBGF for those Existing Dual Concept Restaurants, all of which Franchise Agreements are hereby terminated.
For purposes of this section, "Competing Business" means a casual dining restaurant business offering the same or similar products and services as offered by Concept Restaurants or restaurants in any other system owned, operated, franchised or licensed by RTI or any affiliate including, without limitation, varied menu (to include, without limitation, any combination of soups, sandwiches, chicken, ethnic cuisine, health/fitness oriented dishes), waiter/waitress service, sit-down dining and bar services.
The CKR Companies shall use their best efforts to offer Franchisees the opportunity to operate Dual Concept Restaurants.
The CKR Companies shall use those standards that they reasonably deem appropriate for the selection of Franchisees to operate Dual Concept Restaurants, which may include requirements that a Franchisee be in good standing and be operationally and financially capable of operating a Dual Concept Restaurant.
ROYALTY FEES For all Franchised Dual Concept Restaurants, the CKR Companies shall pay GBGF, beginning as of the Effective Date, 40% of all royalty fees a Franchisee is required to pay the CKR Companies under his franchise or license agreement relating to the Gross Sales of GB Food Products.
The provisions of this Agreement shall govern all existing and future CKR Dual Concept Restaurants, without the need for the parties to execute any additional agreements with respect to individual Dual Concept Restaurants B.
GBGF also shall have the right, at any time, to have an independent audit made of the CKR Companies' books of account relating to CKR Dual Concept Restaurants.
Dual Concept Restaurants must use proprietary products in the preparation and sale of certain GB Food Products and currently must purchase the proprietary products from GBGF, an affiliate of GBGF or a designated supplier.
The CKR Companies intend to use internal creative departments or consultants to develop promotional materials for Dual Concept Restaurants.