Popeyes Formula definition

Popeyes Formula or “Popeyes Formulas” means the recipes or formulas used by Diversified for the preparation of the Core Products.
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Popeyes Formula the basic recipe and formula used in the preparation --------------- of spicy fried chicken commonly known as Popeyes Famous Fried Chicken, any developments or improvements relating to the production of such recipe and formula and any additional recipes for products suitable for use in Popeyes Famous Fried Chicken and Biscuit restaurants. Royalty Payments: collectively, at any time, the Investments Royalty ---------------- Payments and the Franchised Store Royalty Payments.
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Popeyes Formula or "Popeyes Formulas" means the recipes or formulas for which ownership was transferred from Diversified to PLK under the terms of the Transfer Agreement, which are used by Diversified in the preparation of the Core Products under this Agreement that exist as of the Effective Date of the Agreement. Except to the extent that a Popeyes Formula itself expressly sets forth a specific manufacturing process, procedure, method or technique, the Popeyes Formula does not include any manufacturing processes, procedures, methods, or techniques or any specific details thereof.
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Examples of Popeyes Formula in a sentence

  • In the event Diversified licenses the Popeyes Formula to a third party manufacturer pursuant to this paragraph, Diversified shall require the third party to execute a confidentiality agreement to maintain the Popeyes Formula in the strictest confidence.

  • In the event Diversified sublicenses the Popeyes Formula to a third party manufacturer pursuant to this paragraph, Diversified shall require the third party to execute an agreement containing non-disclosure and non-use terms that are no less protective of the Popeyes Formulas or the PLK Formulas than the terms set forth in the Confidentiality Agreement that is attached as Schedule E to maintain the Popeyes Formula in the strictest confidence.

  • AFC agrees that during the Term of this Agreement, it will not seek or assist or encourage others to replicate the Core Products or any Popeyes Formula for commercial use in any Domestic Markets.

  • Diversified hereby grants to AFC, subject to the terms and conditions of this Agreement, an exclusive non-transferable license (the “License”), for the full Term of this Agreement, to use the Popeyes Formulas in connection with the operation of Popeyes Restaurants by AFC and/or the Franchisees by virtue of having the right to use in such connection products made in whole or in part with a Popeyes Formula by Diversified.

  • Diversified hereby agrees not to grant any third party the right to use any Popeyes Formula without the express written consent of AFC, such consent to be in AFC’s sole discretion, except that Diversified may grant such rights without AFC’s consent for the purpose of enabling a third party to manufacture or process Core Products (such as rights granted to a co-packer or a further processor) for use in the Popeyes System.

  • In the event Diversified needs but is unable on a temporary basis to immediately license the Popeyes Formula to a third party who is able to manufacture the Core Products at issue in sufficient quantity and quality so as not to cause a disruption in supply to the Popeyes System, then AFC, the Distributor(s), or the Franchisees may begin purchasing products substantially similar to the Core Products at issue from third parties.