Examples of Development Territory in a sentence
In the event Developer intends to develop a Franchised Restaurant at a site located within three (3) miles of the boundaries of the Development Territory, Developer agrees that Franchisor may, as a condition of approval for such site, require that the exclusive rights granted under this Agreement and the applicable Franchise Agreement shall be limited to a protected area that is smaller in size than a three (3) mile radius.
Franchisor shall have the sole right to approve or disapprove the permanent closing of a Franchised Restaurant within the Development Territory.
Nothing contained herein, however, shall prevent Franchisor from operating (directly or through an affiliate) nor from granting a franchise for the operation of, any Franchised Restaurant located outside of the Development Territory, but within three (3) miles of the boundaries of the Development Territory.
Upon the occurrence of such an event of default, Franchisor may terminate and cancel this Agreement as to some or all future Franchised Restaurants which Developer may otherwise have then had the right to open in the Development Territory, but this Agreement shall remain in effect as to all Franchised Restaurants already then opened by Developer and then in full operation, and those under construction but not actually in full operation on the date such event of default occurs.
Under no circumstances may Developer enter into any sub-franchise or other license relationship with any unaffiliated third party for the operation of any Franchised Restaurant in the Development Territory.