Franchising. Franchising services (CPC 8929 **) 1) None 2) None 3) None 4) Unbound except horizontal section as indicated in the 1) None 2) None 3) None 4) Unbound
Franchising. Franchising services (CPC 8929 **) 1) None 2) None 1) None 2) None Sector or Sub-sector Limitations on Market Access Limitations on National Treatment Additional Commitments 3) None 4) Unbound except as indicated in the horizontal section 3) None 4) Unbound
Franchising. The Sellers have not offered to sell to any person or entity a “franchise” or “business opportunity” as those terms are defined in the Trade Regulation Rule on Franchising promulgated by the Federal Trade Commission or any applicable state business opportunity or franchise law.
Franchising. The Company has traditionally sought to operate its own restaurants whenever possible, franchising its brand only in situations where it is either required or is a practical necessity, such as international locations and concessions (airports and toll roads). The Company operated in this manner because it believed it could best control product quality and customer experience by operating its own units, and it further avoided the problems associated with granting exclusive territories as the Company expanded its business. To mitigate the issues associated with franchising, the Company has designed a thorough qualification and training process for franchisees and has developed a franchise agreement that prescribes strict operating standards and limits exclusive territories. With these changes, the Company believes it can significantly increase its franchising activity while maintaining the high quality and service standards that its customers expect. The Company works with major franchisees worldwide to promote the Sbarro concept and to date, has franchised restaurants in Aruba, Australia, the Bahamas, Belgium, Canada, Chile, Cyprus, France, Guam, Israel, Japan, Korea, Kuwait, Lebanon, New Zealand, the Philippines, Puerto Rico, Russia, Saudi Arabia and the United Kingdom. The Company continues to expand existing franchise relationships and forge new relationships with attractive foreign business partners.
Franchising. Neither CXI nor any of the Subsidiaries is a franchisor in any franchising relationship or has any franchisees (as such terms are defined under federal laws, rules or regulations or the laws, rules or regulations of any state). If and to the extent any activities of CXI or any Subsidiary may have constituted the offering of a franchise, CXI and the Subsidiaries have fully complied with all applicable laws, rules and regulations with respect thereto, including any registration requirements of any state or other jurisdiction.
Franchising. The Company intends to expand franchise arrangements to expand its operations and revenue base. The Company's future growth may be dependent upon new franchisees and the manner in which they operate and develop their Able Energy locations to promote and develop the Company's concept and its reputation for quality and value. In addition, because the Company believes that a potential franchisee's total estimated investment relating to an Able Energy location is generally low, the Company may be more likely to attract franchisees with limited franchise experience and limited financial resources. As a result of its franchising activity, the Company is be subject to Federal Trade Commission ("FTC") regulation and various state laws that govern the offer, sale and termination of, and refusal to renew, franchises. Several state laws also regulate substantive aspects of the franchisor-franchisee relationship. The FTC requires the Company to furnish prospective franchisees a franchise offering circular containing prescribed information. A number of states in which the Company might consider franchising also regulate the sale of franchises and require registration of the franchise offering circular with state authorities. Substantive state laws that regulate the franchisor-franchisee relationship presently exist in many states, and bills have been introduced in Congress from time to time which would provide for federal regulation of the franchisor-franchisee relationship in certain respects. The state laws often limit, among other things, the duration and scope of non-competition provisions and the ability of a franchisor to terminate or refuse to renew a franchise.
Franchising. To the knowledge of the Company, except as disclosed in the Registration Statement, the Time of Sale Prospectus and the Prospectus, no dispute exists or is imminent between (i) the Company or a Subsidiary and one or more parties that license a franchise, directly or indirectly, from the Company or a Subsidiary (each a “Franchisee”), or (ii) one or more parties that license a franchise, directly or indirectly, to the Company or a Subsidiary (each, a “Franchisor”). Each Franchisee and Franchisor is such by virtue of being a party to a franchise contract with the Company or a Subsidiary, and assuming each such contract has been duly authorized, executed and delivered by the parties thereto, each such contract constitutes a valid, legal and binding obligation of each party thereto, enforceable against, as applicable, each of the Company, a Franchisee, a Franchisor or a subsidiary of any of them in accordance with its terms, except for any one or more of such franchise contracts that, if not a valid, legal and binding obligation of each party thereto, would not reasonably be expected to result in a Material Adverse Change. The Company and each Subsidiary party to any franchise contract have complied and are currently complying in all material respects with the rules and regulations of the United States Federal Trade Commission and the comparable laws, rules and regulations of each state or state agency applicable to the franchising business of the Company and any Subsidiary.
Franchising. Neither GEI nor any of the Subsidiaries is a franchisor in any franchising relationship or has any franchisees (as such terms are defined under federal laws, rules or regulations or the laws, rules or regulations of any state). If and to the extent any activities of GEI or any Subsidiary may have constituted the offering of a franchise, GEI and the Subsidiaries have fully complied with all applicable laws, rules and regulations with respect thereto, including any registration requirements of any state or other jurisdiction.
Franchising. Franchising services 1) None. 1) None.
Franchising. The Franchise Agreements (except those that are cancelled, rescinded or terminated after the date hereof and prior to the Closing in accordance with their terms) are in full force and effect in all material respects in accordance with their respective terms with respect to the applicable Group Company, and, to the Knowledge of the Company, the other party thereto, assuming the due authorization, execution and delivery by such other party, subject to bankruptcy, insolvency, reorganization, moratorium and similar Legal Requirements of general applicability relating to or affecting creditors’ rights and to general principles of equity.
