Examples of Franchised Business in a sentence
Franchisee specifically acknowledges that site approval by Franchisor is not to be interpreted as a guarantee of success or profitability of the Franchised Business which is to be operated at the Location.
Franchisee will promptly pay when due all applicable taxes and assessments against the premises and the equipment used in the Franchised Business and cause to be discharged all liens or encumbrances of every kind or character created or placed upon or against any of its property in accordance with the terms of any agreement, law, ordinance or court order imposing the same and all accounts and other indebtedness of every kind incurred by Franchisee in the conduct of the Franchised Business.
No sale, assignment, transfer, conveyance, encumbrance or gift of any interest in this Agreement or in the Franchised Business will relieve Franchisee, or the shareholders, members or partners participating in any transfer, of the confidentiality or noncompetition provisions of this Agreement.
In the event Franchisee operated any business(es) other than the Franchised Business or other franchises offered by Franchisor to the extent expressly permitted in Section 3.3, the personnel employed in such other business(es) must wear apparel that does not feature any of the marks or color schemes of the Franchised Business.
Upon the death or permanent disability of the Franchisee, if the Franchisee is an individual or upon the death or disability of the majority shareholder, member or partner of Franchisee if the Franchisee is a corporation, limited liability company or a partnership, the spouse, adult children or estate will have the right to participate in the ownership of the Franchised Business under the terms of this Agreement for a period of one hundred eighty (180) calendar days from the date of death or disability.