Examples of Negotiation Period in a sentence
During the Potential ADA Negotiation Period, JEG- United may identify promising locations for developing additional PLANET FITNESS businesses within the Potential Territory.
If a Party exercises an Option and no Licence is agreed within the Negotiation Period, that Party’s particular Option shall lapse.
If the Potential ADA is executed by the end of the Potential ADA Negotiation Period, and, if by such time, International Franchisor has updated its standard form of Franchise Agreement for the Country, JEG-United (and/or its subsidiaries) shall have the right, exercisable by written notice within thirty (30) days of executing the Potential ADA, to amend the Current Franchise Agreements and the Additional Franchise Agreements to conform them to such updated form.
In such event the Parties cannot come to an agreement during the Negotiation Period, this Agreement shall terminate with the Xxxxxxx Money being returned to the Buyer.
If the Potential ADA is not executed by the end of the Potential ADA Negotiation Period, JEG-United shall have the right, exercisable by written notice delivered to International Franchisor within thirty (30) days from the end of the Potential ADA Negotiation Period, to sell the Initial Businesses and the Additional Businesses (collectively, the “Mexico Businesses”) to International Franchisor.