Computerized Point-of-Sale System Sample Clauses
The Computerized Point-of-Sale System clause defines the requirements and standards for the use, maintenance, or integration of electronic systems that process sales transactions. Typically, this clause outlines the technical specifications, data security measures, and operational procedures that must be followed when using such systems in a business environment. For example, it may require that all sales be recorded electronically and that the system be capable of generating detailed transaction reports. The core function of this clause is to ensure accurate, secure, and efficient handling of sales data, thereby reducing errors and supporting compliance with financial or regulatory obligations.
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Computerized Point-of-Sale System. The Franchisee must purchase and maintain the computer hardware required by the Franchisor for operation of the Franchised Restaurant, including computer(s), modem(s), cash drawer(s), receipt printer and report printer. In addition, the Franchisee shall purchase from Franchisor's required source the Franchisor's proprietary computer software for operation of the point of sale system. The Franchisor shall have unlimited access to the data generated by the Franchisee's computerized point of sale system and will poll via modem all of its franchisees' computer systems in order to compile sales data, consumer trends, food and labor costs, and other such financial and marketing information as it may deem appropriate. The Franchisor may distribute this data on a confidential basis to its franchisees, and Franchisor has the right to utilize such information in summary form for purposes of preparing earnings claims or for any other reasonable purpose in support of the System. The Franchisee must purchase and pay for upgrades or new software as required by the Franchisor from time to time in Franchisor's sole discretion, and Franchisee acknowledges and agrees that the costs and expenses for such upgrades and software will not be limited or subsidized by Franchisor in any way.
Computerized Point-of-Sale System. Franchisee will purchase, maintain, and service any computerized point-of-sale system designated by Franchisor for operation of the Franchised Business, including any accompanying computers, modems, credit/debit card readers, cash drawers, receipt printers, and other associated equipment. Franchisee will purchase and pay for upgrades or new software as required by Franchisor from time to time in Franchisor’s sole discretion.