Greenfield Stores Clause Samples
Greenfield Stores. Either party may propose a brand new location for a new or existing Franchisee to develop a Co-Branded Store. The parties agree that only franchisees and locations that have been approved by both parties may be opened as a Co-Branded Store; and upon such approval, such franchisee and location shall fall under the terms and conditions of this Agreement. Cold Stone will be the host Franchisor for all of the Greenfield Stores opened under this Agreement.
Greenfield Stores. In respect of Greenfield Stores, Cold Stone will pay to RMCF an initial franchise fee as set forth below:
7.2.2.1. If RMCF initially identified the franchisee and the franchisee is then approved by Cold Stone as a Cold Stone Franchisee to open a Greenfield Store, then Cold Stone will pay to RMCF * of the franchise fee it collects from such franchisee within ten (10) days of receiving such amount from the franchisee.
7.2.2.2. If Cold Stone initially identified the franchisee and the franchisee is approved by RMCF to open a Greenfield Store, then Cold Stone will pay to RMCF * within ten (10) days of receiving such amount from the franchisee.