Examples of New Franchisee in a sentence
This Agreement is for the sole and express purpose of that independent contractor relationship for the opening and operation of the New Franchisee Business under the terms and conditions herein.
This would involve considerable costs and resources necessary to establish the necessary routing network.
If Franchisee enters into any new lease or extends any lease for tenancy of the New Franchisee Business extending beyond the Term, Franchisee acknowledges that Franchisee shall be doing so at its own risk.
Gross Sales shall be defined as all revenue derived from the New Franchisee Business, at regular prices before any discounts or other allowance, as well as all income of any and every other kind related to the New Franchisee Business, System, or Proprietary Marks, the fair value of any non-monetary consideration received by Franchisee for any items or sales from the New Franchisee Business, and all proceeds of business interruption insurance policies for the New Franchisee Business.
Franchisee hereby agrees to indemnify Franchisor, and all of Franchisor's agents, employees, and representatives against any and all damage, liability, and loss, as well as legal fees and costs incurred, however caused, as a result of the use, condition, construction, equipment, decorating, maintenance or operation of the New Franchisee Business.
The coverage shall begin as soon as Franchisee signs a lease for the New Franchisee Business.
An example of such an initiative was the development grants awarded by the Teacher Development Agency in the United Kingdom, which provided funding to trainers for development in the area of ICT without specifying the exact content of this.
Upon closing of the Transaction, New Franchisee shall remain bound by the lawful terms and conditions of the Franchise.
Upon the third anniversary of the Effective Date, a New Franchisee shall in no event pay to the City per calendar quarter an amount less than $10,000 plus a 4% annual escalation effective on such anniversary and each subsequent anniversary thereafter during the Term.
In consideration of the Franchisee paying the Franchisee Fee and complying with the Operating Procedures, the Franchisor hereby grants a franchise to the Franchisee for operating the New Franchisee Business for the Term on the terms and conditions contained herein and the Franchisee hereby accepts such franchise.