Franchise Rights definition
Examples of Franchise Rights in a sentence
Each Franchise Document entered into was, with the exception of such modifications that may have been negotiated with such Franchisee, substantially similar to the form of Franchise Document incorporated into the respective Company Disclosure Document that, if required by Franchise Laws, was delivered to the Franchisee prior to the sale of the Franchise Rights.
Without limiting the generality of the foregoing, the Borrower shall, and shall cause each Subsidiary to, maintain at all times in full force and effect all Franchise Rights necessary to the ownership, operation and development of all franchised restaurant business conducted, or contemplated to be conducted, by the Borrower and such Subsidiaries, except with respect to Voluntary Store Closings and except with respect to any Applebee's Spinoff.
No agreements exist to sell, assign, lease, or license, any of Seller’s Assets except those listed and described on Schedule 4.5. No person other than Seller owns, is a party to or has any interest in any of the Franchise Agreement or Franchise Rights or any other agreement or instrument with the Purchaser or any Affiliate of the Purchaser which conveys franchise rights, area development rights or other similar rights with regard to the development of ▇▇▇▇’▇ ▇▇▇▇▇ Steak House restaurants.
Except for the Franchise Rights obtained by Seller from Purchaser, Seller (i) does not use any patents, inventions, research, trademarks, trade names, copyrights, service marks, trade formulas, secret formulas, recipes, royalty rights, design rights or other technical information in the operation of its Business, and (ii) is not bound by or a party to any option, license or agreement of any kind with respect to patents, trademarks, service marks, copyrights or pending applications therefore.
Other than Seller, no Person, including without limitation any Affiliate of Seller, holds any License, relating to Seller’s Business or Franchise Rights.