Licensing Agreement For Restaurant

Licensing Agreement For Restaurant

The lessor acknowledges that, in accordance with the franchise agreement, the franchisee or his agent has the right to take over the management and operation of the tenant`s activity on behalf of the tenant in certain circumstances (to-wit: leave the tenants, tenants who have not reigned in good time to his default of the franchise agreement and while the franchisor evaluates his right to buy the restaurant). The lessor agrees that the franchisee or his agent is authorized to enter the premises to ensure the management and operation of the tenant`s restaurant in accordance with the franchise agreement, and if he so decides, he will do so on behalf of the tenant and without assuming direct responsibility for the rental agreement. In addition, upon the expiration or termination of this lease or franchise agreement, the franchisor or its agent may enter the premises to remove all signs and other materials called Bad Daddys Burger Bar or trademarks, service marks or other commercial symbols of the franchisee. The differences between licensing and purchasing a franchise are many and significant. To summarize them, it may be best to say that a company is a franchise, while the products and souvenirs are licensed for that company. If someone is trying to sell you licenses for a restaurant chain, be very careful and be sure to check the credibility of the person and their contract. Use of premises. Without limitation of the uses allowed in the rental agreement, but in its extension, the premises can be used for the activity of a restaurant with fresh gourmet burgers by hand, sandwiches, homemade fries and potato chips, original salads, appetizers, milkshakes and old-fashioned accents, spirits, beer and wine, as well as other foods and beverages. T-shirts, hats and other branded accessories and all other items sold in other stores by franchisees or franchisees, as well as other legal purposes. the option remains the royalty to be paid under the form of franchise agreement which will then be applicable at 3% (3%); Use the marks only for the operation of the restaurant and only on the licensee`s website or in advertising for the restaurant on the licensee`s website. The licensee may not use any of the trademarks in any part of a domain name, e-mail address or similar, proprietary or current electronic delivery system. Licensee will not attempt to register a domain name or email address containing any of the trademarks or names that are confusing with the marks, nor to claim any rights of ownership or use. Licensee undertakes to take all necessary steps to transfer to licensor all rights to or to such domain names and e-mail addresses (as well as to all records relating to the foregoing) that licensee may acquire, including but not limited to the performance of a transfer and assignment contract, in favour and in form and content acceptable to the licensor.

Advertising cooperatives. In connection with the restaurant and all other bad daddy restaurants owned by the licensee or operated by the licensee, the licensee participates, if the licensor so requests, in a local, regional or national cooperative promotion group composed of other licensees and franchisees of bad Daddy restaurants and restaurants owned by the company, if and when such groups are created (b. a promotion cooperative). The advertising cooperative(s) in which the licensee may be required to participate shall be designated by the licensor at its own discretion. . . .