Krispy Kreme System definition
Examples of Krispy Kreme System in a sentence
The STORE’s market value includes, without limitation, the goodwill Franchisee has developed in the market of the STORE that is independent of the goodwill of the Marks and the Krispy Kreme System; the length of the remaining term of the lease or sublease for the Site, if any; and the age and condition of the improvements, equipment, fixtures, furnishings, décor, signs and delivery vehicles of the STORE.
Krispy Kreme System means the distinctive business formats, methods, procedures, designs, lay-outs, equipment, mixes, standards and specifications designated by Company for use in Krispy Kreme Stores, all of which Company may modify from time to time, along with the Marks.
Copyrighted Works means the contents of the Manuals and all other know-how, information, specifications, systems and data used by Company in or in respect to the Krispy Kreme System, including, without limitation, trade secrets, copyrights, designs, patents, and other intellectual property.
Franchise means the rights granted and the obligations imposed pursuant to this Agreement that relate to the operation of the STORE at the Site and to the use of the Krispy Kreme System in the operation thereof.
Company has developed a unique system for the operation of store facilities called “Krispy Kreme Stores” that offer and serve a variety of fresh doughnuts and certain other quality food products under the trademark and service m▇▇▇ “KRISPY KREME.” Company operates, and licenses others to operate, Krispy Kreme Stores using the Krispy Kreme System.
Company grants to persons who meet its qualifications and are willing to undertake the investment and effort a franchise to own and operate a Krispy Kreme Store offering the Products and other products and services Company authorizes and utilizing the Krispy Kreme System subject to the terms and conditions of this Agreement.