Common use of Franchise Grant Clause in Contracts

Franchise Grant. At the request of the Franchisee and the Guarantors and in consideration of payment of the Initial Fee by the Franchisee to the Franchisor, the Franchisor hereby grants to the Franchisee, and the Franchisee hereby accepts the right to conduct the franchise business in the Territory and for the Term in accordance with the provisions hereof. The Franchisee acknowledges having received a copy of the franchising code, the disclosure document and this Agreement more than 14 days before signing this Agreement. The Franchisee may terminate this Agreement by written notice served on the Franchisor within seven days from signing this Agreement but will remain bound by the provisions intended to survive termination. In the event of the Franchisee terminating this Agreement within such seven day period then the Franchisor shall refund all amounts paid by the Franchisee to Franchisor less a reasonable contribution towards the costs incurred by the Franchisor in recruiting and training the Franchisee and preparing the associated documentation. The Franchisee shall immediately, following the expiration of the seven day cooling off period, following the execution and delivery hereof by the Franchisee and the Principals: Do all such things as are necessary to secure the premises if any for the conduct of the business; Pay the Initial Fee to the Franchisor or as the Franchisor may direct; Pay the Bond to the Franchisor or as the Franchisor may direct; Pay the Training Fee to the Franchisor or as the Franchisor may direct and arrange with the Franchisor a mutually convenient time to commence the Training Program; Complete the Training Program in a timely manner; Obtain all consents, licences and approvals as may be necessary for the conduct of the franchise business; and If applicable appoint the nominated representative to liaise with the Franchisor in accordance with the provisions hereof.

Franchise Grant. At the request of the Franchisee and the Guarantors and in consideration of payment of the Initial Fee by the Franchisee to the Franchisor, the Franchisor hereby grants to the Franchisee, and the Franchisee hereby accepts the right to conduct the franchise business in the Territory and for the Term in accordance with the provisions hereof. The Franchisee acknowledges having received a copy of the franchising code, the disclosure document document, and this Agreement more than 14 days before signing this Agreement. The Franchisee may terminate this Agreement by written notice served on the Franchisor within seven days from signing this Agreement but will remain bound by the provisions intended to survive termination. In the event of the Franchisee terminating this Agreement within such seven day period then the Franchisor shall refund all amounts paid by the Franchisee to Franchisor less a reasonable contribution towards the costs incurred by the Franchisor in recruiting and training the Franchisee and preparing the associated documentation. The Franchisee shall immediately, following the expiration of the seven seven-day cooling off period, following the execution and delivery hereof by the Franchisee and the Principals: Do all such things as are necessary to secure the premises if any for the conduct of the business; Pay the Initial Fee to the Franchisor or as the Franchisor may direct; Pay the Bond to the Franchisor or as the Franchisor may direct; Pay the Training Fee to the Franchisor or as the Franchisor may direct and arrange with the Franchisor a mutually convenient time to commence the Training Program; Complete the Training Program in a timely manner; Obtain all consents, licences and approvals as may be necessary for the conduct of the franchise business; and If applicable appoint the nominated representative to liaise with the Franchisor in accordance with the provisions hereof.