Proprietary Concept definition

Proprietary Concept means the procedure originated by RE/MAX, LLC, pursuant to which individual licensed real estate salespersons (i) retain the highest possible compensation for the management, disposition, listing, selling, auctioning and leasing of real estate; and (ii) are made solely responsible for the payment of various fees required by their Franchised Office, including initial, monthly and annual fees, their respective pro rata share of general office overhead, as well as all personal business expenses. In addition to the foregoing, the Proprietary Concept also includes (i) recommendations from RE/MAX, LLC regarding the procedure for the operation and organization of the individual Franchised Offices (including recommended sales materials and operating manuals issued by RE/MAX, LLC for operation of a Franchised Office that does not share directly in or receive a percentage of the compensation generated by individual salespersons), and (ii) techniques recommended by RE/MAX, LLC for recruiting top-producing agents to Franchised Offices for personal career advancement and compensation maximization.
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Examples of Proprietary Concept in a sentence

  • If incorporated into the Proprietary Concept for use in the Territory or elsewhere, such ideas, concepts, methods and techniques shall become the sole and exclusive property of RE/MAX, LLC, and RE/MAX, LLC shall have the exclusive and worldwide right to incorporate same in the Proprietary Concept for the Territory or elsewhere for use in the RE/MAX System operated by RE/MAX, LLC, its Affiliates and their respective franchisees.

  • Regional Franchisee agrees to promptly assign to RE/MAX, LLC or its designee any such domain name, or any other domain name relating to the Marks or the Proprietary Concept, upon the request of RE/MAX, LLC or upon the expiration or termination of this Agreement.

  • OWNERSHIP OF PROPRIETARY CONCEPT: Regional Franchisee expressly agrees that all ownership, right, title and interest in and to the Marks, the Proprietary Concept, and all related proprietary and confidential information (together with all translations, changes, improvements and modifications to any of the foregoing), regardless of source, are and shall remain solely and exclusively the property of RE/MAX, LLC.

  • It is presently anticipated that such systems, programs or procedures may include communication systems, accounting programs, data management systems, multiple listing or property exchange services, and other systems, programs or procedures designed to facilitate the flow of information relating in any way to the Proprietary Concept or the business contemplated by this Agreement or the Franchise Agreements.

  • Any and all goodwill arising from Regional Franchisee’s use and right to license the use of the Marks shall inure solely and exclusively to RE/MAX, LLC’s benefit, and upon expiration or termination of this Agreement and the license herein granted, no monetary amount shall be assigned as attributable to any goodwill associated with Regional Franchisee’s right to license the use of the Proprietary Concept or the Marks.

  • Notwithstanding the preceding sentences contained in this ▇▇▇▇▇▇▇▇▇ ▇▇.▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ agrees that RE/MAX JAPAN may, from time to time, issue new (or amend or modify existing) rules of operation, policy directives, standards and guidelines pertaining to the Proprietary Concept and that Regional Franchisee shall be bound by such new or revised rules of operation, policy directives, standards and guidelines that are applicable to Regional Franchisee and that comply with applicable law in the Region.

  • RE/MAX JAPAN and RE/MAX, LLC do hereby consent to Regional Franchisee disclosing the information comprising the Proprietary Concept to bona fide Franchisees under fully executed and approved Franchise Agreements.

  • Regional Franchisee wishes to obtain from RE/MAX JAPAN, the right to develop and service a network of franchised real estate offices (“Franchised Offices”) in the Region identified in Exhibit F to this Agreement and, in connection with and in furtherance of such activities, to use, and grant others the right to use, the Marks and the Proprietary Concept in the Region.

  • RE/MAX has granted IKEZOE a limited right to use and to license the use of the Proprietary Concept and certain related marks for the period defined in the RE/MAX Master Franchise Agreement made and entered into on the 20th day of September 2013.

  • Regional Franchisee and Regional Franchisee’s Principals are aware that RE/MAX JAPAN and RE/MAX, LLC have instituted a number of policies and procedures designed to protect the confidentiality of information comprising the Proprietary Concept, including the requirement that all persons having access to information comprising the Proprietary Concept contractually covenant not to disclose or make unauthorized reproductions thereof.

Related to Proprietary Concept

  • Qualified high-technology business means a business or facility whose primary business activity is high-technology activity or a qualified high-wage activity.

  • Proprietary Technology means the technical innovations that are unique and

  • Proprietary school means a school that uses a certain plan or method to teach a trade, occupation, or vocation for a consideration, reward, or promise of any kind. Proprietary school includes, but is not limited to, a private business, trade, or home study school. Proprietary school does not include any of the following:

  • Proprietary medicine means a completely compounded nonprescription drug in its unbroken,

  • High-technology activity means that term as defined in section 3 of the Michigan economic growth authority act, 1995 PA 24, MCL 207.803.