Examples of New Franchise Agreement in a sentence
The New Franchise Agreement with Bendigo Bank contains a limit on the level of profits or funds that may be distributed to shareholders.
The New Franchise Agreement defines the business that will be conducted by the Company and, accordingly, is critical to an assessment of the Company.
On the expiration or earlier termination of the New Franchise Agreement, the Company is prohibited from carrying on a substantially similar business for three years.
There are no restrictions on where Bendigo Bank (or any of its related bodies corporate or other Bendigo Bank franchisees) may carry on business or be located (either before, during or after the term of the New Franchise Agreement – see Section 3.5 above).
The provisions of the New Franchise Agreement have been described in detail in Sections 3 and 5 of this Prospectus.