Franchise Revocation Clause Samples

Franchise Revocation. In addition to all other rights which the Grantor has pursuant to law or equity, the Grantor reserves the right to revoke, terminate or cancel this Franchise, and all rights and privileges pertaining thereto in accordance with the following procedures and applicable federal law, in the event that: 1. ▇▇▇▇▇▇▇ becomes insolvent, unable or unwilling to pay its debts, or is adjudged as bankrupt and ▇▇▇▇▇▇▇’s creditors or Trustee in Bankruptcy do not agree to fulfill and be bound by all requirements of this Franchise; or 2. Grantee violates a material provision of this Franchise after being notified of such violation and being given time to cure or refute the alleged violation.