Common use of Failure to Submit Reports Clause in Contracts

Failure to Submit Reports. If Franchisee fails to submit the profit and loss statements required by this Section 11.3 on a timely basis, then BRCB will be entitled to pursue injunctive relief granting specific performance of this obligation. Franchisee acknowledges that BRCB will be irreparably harmed by the failure to receive timely reports. Pursuit of these remedies by BRCB does not constitute a waiver by BRCB of its right to pursue any and all other remedies available to it, including termination of this Agreement.