Proprietary Products definition
Examples of Proprietary Products in a sentence
For any payment owed by the Franchisee to the Franchisor due to the purchase orders placed with the Franchisor in relation to the Proprietary Products, the Franchisor shall include such amount in the Invoice, stating (i) name of the Proprietary Products ordered, (ii) the quantity of the same and (iii) the total amount payable by the Franchisee to the Franchisor.
From time to time, the Franchisor will designate certain Proprietary Products as appropriate for the Franchisee’s use in the operation of the relevant courses in the Franchised Center.
Depending on the demand of the Franchised Center, the Franchisee shall only place purchase orders with the Franchisor in relation to these Proprietary Products.
The Franchisee is not allowed to source any of the Proprietary Products from other parties other than the Franchisor and no copies (tangible or intangible copies) shall be made in relation to any of the Proprietary Products.
In circumstances where the business performance of the Franchised Center was poor and has recorded a loss on its management accounts for a period of 6 months consecutively, despite the Franchisee’s best endeavor to run the business of the Franchise Center in conformity with all requirements of the System, standards, Specifications, Proprietary Products, Local Advertising etc.., the Franchisor may, in its sole discretion waive or reduce the monetary penalty amount.