This document is a franchise agreement between SuryaRay Elixirs Pvt Ltd (the Franchisor) and another company (the Franchisee). Key points:
- The Franchisor grants the Franchisee the right to operate an outlet under the Franchisor's trade name ("Atreme Sports Bar") and systems for 5 years at a specified location.
- The agreement details the obligations of both parties, including the Franchisor providing initial and ongoing training, manuals, and approved software for operations.
- Terms covered include the franchise fee structure, standards for operations, proprietary marks/intellectual property usage, and conditions for termination or extension of the agreement.
This document is a franchise agreement between SuryaRay Elixirs Pvt Ltd (the Franchisor) and another company (the Franchisee). Key points:
- The Franchisor grants the Franchisee the right to operate an outlet under the Franchisor's trade name ("Atreme Sports Bar") and systems for 5 years at a specified location.
- The agreement details the obligations of both parties, including the Franchisor providing initial and ongoing training, manuals, and approved software for operations.
- Terms covered include the franchise fee structure, standards for operations, proprietary marks/intellectual property usage, and conditions for termination or extension of the agreement.
This document is a franchise agreement between SuryaRay Elixirs Pvt Ltd (the Franchisor) and another company (the Franchisee). Key points:
- The Franchisor grants the Franchisee the right to operate an outlet under the Franchisor's trade name ("Atreme Sports Bar") and systems for 5 years at a specified location.
- The agreement details the obligations of both parties, including the Franchisor providing initial and ongoing training, manuals, and approved software for operations.
- Terms covered include the franchise fee structure, standards for operations, proprietary marks/intellectual property usage, and conditions for termination or extension of the agreement.
This document is a franchise agreement between SuryaRay Elixirs Pvt Ltd (the Franchisor) and another company (the Franchisee). Key points:
- The Franchisor grants the Franchisee the right to operate an outlet under the Franchisor's trade name ("Atreme Sports Bar") and systems for 5 years at a specified location.
- The agreement details the obligations of both parties, including the Franchisor providing initial and ongoing training, manuals, and approved software for operations.
- Terms covered include the franchise fee structure, standards for operations, proprietary marks/intellectual property usage, and conditions for termination or extension of the agreement.
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FRANCHISE AGREEMENT
THIS AGREEMENT is made at ----------- this ----- day of -------------
Between M/s SuryaRay Elixirs !t" #td"$ a %om&any duly re'istered under the (om&anies A%t$ )*+, ha!in' its re'istered offi%e at lot No -.$ Road No /$ 0u1ilee Hills" H23-+,..44 5hereinafter 6nown as 7Franchisor7 and in%ludes its su%%essors 8 assi'ns9 And ::::::::::"$ a %om&any duly re'istered under the (om&anies A%t$ )*+, ha!in' its re'istered offi%e at ::::::::::::::::::::::::::::::::: 5hereinafter 6nown as ;Franchisee< and in%ludes its su%%essors 8assi'ns9" =hereas> 5a9 ?ran%hisor is &rimarily in the restaurant and hos&itality 1usiness and @owns uses and &romotes %ertain trade and 1usiness names$ and %ommer%ial sym1ols in %onne%tion with the o&eration or the Restaurant under trade name of Atreme S&orts Bar with a uniform 1usiness format" S&e%ially desi'ned interiors" Menu$ ?ood and Be!era'e offerin's$ and &ro&rietary &rodu%ts$ methods "and Standard B&eratin' ro%edures" 519 The ?ran%hisor@s system is %om&rehensi!e em&hasiCin' &rom&t and %ourteous ser!i%e$ %ondu%e atmos&here$ adheren%e to %ertain standards and &oli%ies of the ?ran%hisor$ in%ludin' without limitation of sto%6in' of the desi'nated &rodu%ts" the use of only &res%ri1ed eDui&ments$ furniture and fixtures in the outlet$ stri%t adheren%e to desi'nated food and 1e!era'e s&e%ifi%ations$ use of only &res%ri1ed desi'ns and layout$ num1er of ta1les and %hairs and standards Duality ser!i%e and ersonnel" 5%9 The ?ran%hisee is the lesser and as su%h lessee is in use$ o%%u&ation of a &remises for a %ommer%ial user admeasurin' a&&rox ::::: %ar&et area at :::::::::::::::::::::::::::::::::::::: 5#ay But lan Annexed as Annexure A9 hereinafter referred to as the Esaid Franchised OutletF" 5d9 The ?ran%hisee$ interested in settin' u&$ o&eratin' and runnin' the said ?ran%hised Butlet under the Atreme S&orts Bar trade name and style and o&erational &ro%edures of the ?ran%hisor" 5e9 The fran%hisee un%onditionally a'rees and underta6es to set u& run and o&erate said ?ran%hised Butlet in stri%t %onformity with the ?ran%hisorFs Rules and Re'ulations and Standard B&eratin' ro%edures and in the manner and u&on the terms and %onditions %ontained herein" 5f9 The &arties hereto desirous of exe%utin' this ?ran%hise A'reement$ whi%h re%ords the terms and %onditions a&&li%a1le to the ?ran%hise relationshi& 1etween the &arties as under>- NOW THIS AGREEMENT WITNICSSETH AND.IT IS HEREB AGREED B AND BETWEEN THE !ARTIES HERETO AS FO""OWS# . $. DEFINITIONS ?or the &ur&ose or this A'reement the terms defined hereunder in this Arti%le shall ha!e the meanin' s&e%ified unless the %ontext otherwise reDuires> )") 7Franchised Outlet%restaurant7 shall mean the entire stru%ture ere%ted and to 1e ere%ted on the &ro&erties/lands and all 1uildin's$ to'ether with the eDui&ment installed therein to 1e used for the &ur&ose or the restaurant in%ludin'$ 1ut not limited to$ all &lum1in'$ heatin' and li'htin' eDui&ment$ ele!ators$ air- %onditionin' eDui&ment$ exterior and interior si'na'eFs$ tele&hone eDui&ment 5ex%e&t that leased from the Tele&hone 3e&artment9$ furniture" 5in%ludin' furniture 1rou'ht in 1y the fran%hisee9 and eDui&ment" o&eratin' su&&lies$ and nil related fa%ilities %onstru%ted$ installed or 6e&t in or a&&urtenant to the restaurant" as also all additions$ extensions$ modifi%ations thereto$ as may 1e effe%ted 1y the ?ran%hisee in %onsultation with the ?ran%hisor hereafterG for whi%h the ro&rietary Mar6s and Systems are 'ranted" 5#ayout lan Annexed as Annexure A9 )"H 7Franchise & !ro'rietar( Mar)s7- Shall mean ;Atreme S&orts Bar<$ ;Atreme<$ ;3onFt do this at home< and ;A< or whi%h are &ro&rietary mar6s of the ?ran%hisor in any form$ manner$ font$ %olour and siCe as &res%ri1ed/authorised/&ermitted 1y the fran%hisor from time to time" )"4 7S(ste*7 - Shall mean the uniDue rodu%t Bfferin'" Am1ien%e$ Standard B&eratin' ro%edures$ Manuals$ (ontrol ?orms$ Rules and Re'ulations$ Standard Re%i&e ?orms$ Human Resour%e oli%ies et% of the ?ran%hisor whi%h shall 1e do%umented for the %on!enien%e of the fran%hisee )"- The ;A+ree*ent< or 7this A+ree*ent7 shall mean this instrument as ori'inally exe%uted and deli!ered" or$ amended or su&&lemented$ as so amended or su&&lemented" )"+ The 7Ter* o, the A+ree*ent< shall mean the term or this A'reement as hereinafter &ro!ided in Arti%le 4 1ut su1Ie%t to earlier termination or determination thereof in terms of Arti%le )- hereof" )", The 7Date o, Co**ence*ent< of the A'reement shall mean the date or exe%ution of the a'reement" )"/ 7Fiscal ear7 shall mean the twel!e-month &eriod %ommen%in' on the first day of A&ril and endin' on the 4) st day or Mar%h ex%e&t that the first ?is%al 2ear shall 1e the &eriod %ommen%in' on the 3ate of %ommen%ement and endin' on the followin' 4) st of Mar%h" )"J 7Auditor7 shall mean the Auditor who shall 1e a (hartered A%%ountant or a firm of (hartered A%%ountants mutually sele%ted 1y the ?ran%hisor and ?ran%hisee" )"* 7Net Re-enue7 for su%h ?is%al 2ear shall mean 'ross re!enues arisin' dire%tly or indire%tly from the %ondu%t of the 1usiness and su%h 'ross ta6in's$ in%ludin' 1ut not limited to all %ash$ 3e1it/%redit %ards$ (heDuesG 3emand drafts" &ay orders or any other form or remittan%e deri!ed from sale of food and 1e!era'e items$ furniture$ %ro%6ery$ %utlery$ %uriosities$ musi% %om&a%t dis%s or %assettes$ ti%6ets and any other mer%handise or items$ all 'oods sold and deli!ered or ser!i%es &erformed 1y the fran%hisee$ all in%omes re%ei!ed 1y way of rentals for film and hoto shoots$ e!ent &romotions$ and / or fun%tions or &arties" Either %atered within the fran%hised restaurant or outside 1y the ?ran%hisee" Net Re!enue shall ex%lude all %entral$ state sales tax$ !alue added tax$ or ser!i%e tax %olle%ted from the %ustomer and &aid to the a&&ro&riate taxin' authority" .. GRANT H") ?ran%hisor here1y 'rants ?ran%hisee the ri'ht and li%ense$ and ?ran%hisee here1y a%%e&ts the o1li'ations$ su1Ie%t to the terms and %onditions des%ri1ed herein$ to set u&$ o&erate and run the fran%hise here1y 'ranted as &er the system only at the fran%hised outlet/Restaurant" H"H ?ran%hisee is not 'ranted any ri'ht hereunder to su1li%ense the ro&rietary Mar6s or System$ ro&rietary &rodu%ts et% to any &arty" H"4 ?ran%hisee a%6nowled'es and a'rees that> H"4") the ri'hts 'ranted to ?ran%hisee in this A'reement ar% non-ex%lusi!e" and this A'reement %on!eys no territorial ri'hts to ?ran%hisee$ and H"4"H ?ran%hisee is a%Duirin' no ri'hts hereunder other than the ri'ht to use the ?ran%hised Mar6s and the@ System at the ?ran%hised Butlet in a%%ordan%e with the ex&ress terms of the A'reement" /. TERM & TERMIATION 4") This A'reement shall 1e !alid and su1sistin' for a &eriod of fi!e years from the date hereof 5hereinafter referred to as 7the Term79" 4"H Notwithstandin' %lause 4")$ on the ex&iry of a &eriod of fi!e years from the date of hereof$ the ?ran%hisor shall$ after re!iewin' the &erforman%e of the ?ran%hised Butlet$ ha!e the o&tion 5i9 to terminate$ or$ 5ii9 to extend the a'reement for an additional term of three years on the same terms and %onditions as herein %ontained" 4"4 In the e!ent that the ?ran%hisee sells or &ur&orts to sell more than +) &er%ent of its sta6e in the ?ran%hised Butlet$ then the new owners of the ?ran%hised Butlet shall not ha!e the o&tion to terminate this a'reement" The new owners shall %ome on 1oard/ ta6e o!er the ?ran%hised o&erations on an as is where is 1asis" The new owners will also 1e su1Ie%t to all the terms 8 %onditions of this a'reement$ the ?ran%hisee shall enter in to ne'otiations with the new owners and at the same time he shall 6ee& the ?ran%hisor a&&rised of the full details" The transfer of ?ran%hise shall not ta6e &la%e without the written %onsent of the ?ran%hisor" ?urther more the ?ran%hisor shall retain the ri'ht to %olle%t Re'istration fees and Trainin' fees and or any other %ost in%urred$ due to su%h ta6e o!er of ?ran%hised o&erations" If for any reason$ the ?ran%hisee wishes to terminate this A'reement it may do so 1y 'i!in' the ?ran%hisor a &eriod of three months to remedy any 'rie!an%e or misunderstandin'$ and on the &ayment of all outstandin' dues" 0. FRANCHISOR1S OB"IGATIONS -") ?ran%hisor shall loan to ?ran%hisee one set of the ?ran%hised B&erations Manual and the Rules and Re'ulations in En'lish for o&eration of the ?ran%hised Butlet" -"H ?ran%hisor$ or its desi'nee shall &ro!ide initial trainin' and on-'oin' trainin' to ?ran%hiseeFs &rin%i&als and their assi'nee as des%ri1ed In Se%tion +") hereof" -"4 The ?ran%hisor shall li%ense to the ?ran%hisee the use of a&&ro&riate software 5as a&&ro!ed 1y the ?ran%hisor9 for the fran%hised outlet to re%ord transa%tions" The ?ran%hisee shall reim1urse the ?ran%hisor/ &ay the ne%essary li%ense fees and other in%idental %osts to the ?ran%hisor or to any !endor that the ?ran%hisor may dire%t" The %osts so &aid/ reim1ursed shall not form a &art of the ?ran%hise ?ees/ 3e&osit$ 1ut shall 1e a se&arate %ost whi%h shall 1e 1orne 1y the ?ran%hisee" The ?ran%hisor$ howe!er shall retain the ri'ht to u&'rade and/ or modify I alter the existin' system Software #i%ensed$ with an alternate system the %ost of whi%h shall 1e 1orne 1y the ?ran%hisee" -"- ?ran%hisor shall &ro!ide su%h standard re%ord-6ee&in' system for the 1usiness as shall 1e a!ailed to other fran%hisees under the system in the territory and shall su&&ly sam&les of forms ne%essary for effi%iently administerin' su%h re%ord 6ee&in' system the %ost or whi%h shall 1e 1orne 1y the fran%hisee and whi%h %ost shall not form &art of the fran%hise fee" -"+ 3e&ute to the fran%hisee an Butlet mana'er$ Asst" Butlet Mana'er$ and an Butlet Head (hef" to mana'e the o&erations of the outlet" Howe!er the entire %ost$ in%ludin' 1ut not limited to salary$ ro!ident ?und$ ESI($ a%%ommodation$ and tra!el ex&enses" Bf su%h &ersonnel shall 1e 1orne 1y the ?ran%hisee" The a1o!e mentioned &ersonnel %an only 1e de&uted 1y the ?ran%hisor and the fran%hisee shall ha!e no ri'ht to sele%t$ hire or terminate the ser!i%es of the same" -", ?ran%hisor shall &ermit ?ran%hisee@s em&loyees to %onsult at reasona1le times with ?ran%hisor@s &ersonnel at ?ran%hisor@s &rin%i&al &la%e of 1usiness$ or 1y tele&hone or other means of %ommuni%ation$ at reasona1le times and when su%h &ersonnel are a!aila1le" -"/ ?ran%hisor shall &rom&tly list the name$ address$ and tele&hone num1er of the ?ran%hised Butlet in su%h a&&ro&riate dire%tories as are &u1lished 1y ?ran%hisor from time to time" -"J ?ran%hisor shall &ro!ide to ?ran%hisee$ su%h mar6etin' mer%handisin'$ ad!ertisin'$ resear%h data$ and ad!i%e as may from time to time@ 1e de!elo&ed$ whi%h ?ran%hisor 1elie!es would 1e hel&ful or ne%essary or the o&eration of the ?ran%hised Butlet or as reDuested 1y ?ran%hisee" -"* ?ran%hisor shall &ass on 1enefits of its %ontra%ts/ a'reements with strate'i% &artners$ to the fran%hisee where!er a!aila1le" The ?ran%hisor shall also &ass on the 1enefits of ne'otiated !endor &ri%es" -"). ?ran%hisor will in!ol!e ?ran%hisee in &romotional s%hemes entered into and &ass on the$ 1enefits a%%rued to the fran%hisee thereof" 2. FRANCHISEE1S OB"IGATIONS +") K& to two 5H9 &ersons$ who shall 1e ?ran%hisee@s &rin%i&als and/or assi'nee$ shall attend$ for no fee$ and shall satisfa%torily %om&lete$ ?ran%hisor@s initial trainin' at ?ran%hisor@s ?ifteen -day orientation &ro'ram at su%h lo%ation as may 1e desi'nated 1y ?ran%hisor" Additional em&loyees of ?ran%hisee may attend su%h trainin' at ?ran%hisor@s then-%urrent trainin' fee %har'ed for su%h trainin'" ?ran%hisee@s &rin%i&als and outlet mana'er shall attend su%h additional trainin' as ?ran%hisor shall reDuire from time-to-time" All indi!iduals attendin' trainin' shall 1ear all ex&enses asso%iated therewith$ in%ludin'$ without limitation$ ex&enses for food$ trans&ortation$ and lod'in'" Notwithstandin' anythin' %ontained hereina1o!e$ any initial trainin' and/or additional trainin' a!ailed of 1y the H 5two9 &rin%i&als and/or their assi'nees of the ?ran%hised Butlet$ shall 1e for no fee" As a s&e%ial %ase the initial trainin' fee for the o&enin' staff shall 1e wai!ed off" All further trainin' shall 1e %har'ed at %urrent trainin' tarrifs$ The ?ran%hisor will from time to time %ondu%t a &ersonnel audit$ and if the ?ran%hisor feels that further trainin' is reDuired then the ?ran%hisor will ha!e to ensure that his em&loyees ha!e %om&leted the reDuisite trainin'" +"H ?ran%hisee shall follow all of the dire%tions in res&e%t of all as&e%ts of the 1usiness made 1y ?ran%hisor in order to maintain and &reser!e the ?ran%hisor@s all ri'hts$ 'oodwill and re&utation in the 1usiness$ the ?ran%hised Mar6s$ and the System" ?ran%hisee a%6nowled'es and a'rees that all su%h future ri'hts$ 'oodwill and re&utation shall inure to the 1enefit of ?ran%hisor" ?ran%hisee shall$ u&on the reDuest of ?ran%hisor$ &ro!ide @?ran%hisor with su%h information as it may reasona1ly reDuest with re'ard to the o&eration and %ondu%t of the Business" +"4 ?ran%hisee shall$ %om&ly$ ex%e&t as otherwise a&&ro!ed in writin' 1y ?ran%hisor with the followin' reDuirements throu'hout the term of this A'reement> +"4") ?ran%hisee shall furnish ?ran%hisor with all 'o!ernin' do%uments of ?ran%hisee and any-other do%uments related thereto whi%h ?ran%hisor may reasona1ly reDuest and any amendments thereto$ +"4"H ?ran%hisee shall maintain a %urrent list of all owners of re%ord and all 1enefi%ial owners of any %lass of !otin' sto%6 of ?ran%hisee and shall furnish the list to ?ran%hisor u&on reDuest" +"- ?ran%hisee shall %ommen%e o&eration of the ?ran%hised Butlet within three months from the date of %ommen%ement of this a'reement" +"+ In %ondu%tin' the Business$ ?ran%hisee shall a%t stri%tly in a%%ordan%e with the ?ran%hise B&erations Manual and the Rules and Re'ulations 5the %urrent edition of whi%h will 1e made a!aila1le in due %ourse9 and all future amendments thereto as may 1e &ro!ided to ?ran%hisee from time to time 1y ?ran%hisor and shall o&erate the ?ran%hised Butlets in %ohesion with the ?ran%hisor@s de&uted &ersonnel under the System$ Human Resour%e oli%ies and in a%%ordan%e with the terms and %onditions of this A'reement" +", ?ran%hisee shall 6ee& the ?ran%hised Butlet and its furnishin's$ hand outs$ menus" et% in a 'ood state of re&air and de%oration so as to enhan%e the re&utation of the ?ran%hised Mar6s$ the Business$ and the System$ and shall not %han'e the num1er of %o!ers without$ first o1tainin' ?ran%hisor@s written %onsent &ursuant to Se%tion +", hereof"" The fran%hisee shall also maintain %ro%6ery and %utlery as &er ?ran%hisors desi'n s&e%ifi%ations as &er the dire%ted &ar sto%6 !alues" All musi% and %ommuni%ation at the fran%hised outlet will also 1e in a%%ordan%e with the ?ran%hisors dire%tions" +"/ ?ran%hisee shall su1mit to ?ran%hisor any material alterations$ im&ro!ements$ de!elo&ments$ or %onstru%tion wor6 &ro&osed for the ?ran%hised Butlet 1efore any su%h wor6 is %arried out 1y ?ran%hisee$ and shall not alter the a&&earan%e of the ?ran%hised@ Butlet Br ma6e any material alterations$ or im&ro!ements$ or &lan any %onstru%tion or$ de!elo&ment thereto other than in a%%ordan%e with the &ro!isions of the Rules and Re'ulations and without the &rior written %onsent of the ?ran%hisor$ whi%h su%h %onsent shall not 1e unreasona1ly withheld" +"J ?ran%hisee shall &rominently dis&lay at the ?ran%hised Butlet the ?ran%hised Mar6s in exterior and interior si'na'e and in all ad!ertisin' and &romotion of the ?ran%hised Butlet" +"* ?ran%hisee shall o&erate the $?ran%hised Butlet ex%lusi!ely under the ?ran%hised Mar6s and shall feature the ?ran%hised Mar6s in all ad!ertisin' matter and other &romotional material$ to'ether with standard distin'uishin' %hara%teristi%s of the System &res%ri1ed 1y ?ran%hisor or under su%h other ?ran%hised Mar6s as may 1e desi'nated in writin' and ado&ted 1y the ?ran%hisor for use in %onne%tion with the System in the Territory so that the ?ran%hised Butlet will 1e dire%tly re%o'niCa1le 1y the 'eneral &u1li% as an inte'ral &art of the System" +"). ?ran%hisee shall 1e solely res&onsi1le 5or %ondu%tin' lo%al ad!ertisin' and &romotion or the ?ran%hised Butlet and the ex&enses thereof" ?ran%hisee shall dili'ently &romote and ma6e e!ery reasona1le effort to steadily in%rease 1usiness and re!enue or the ?ran%hised Butlet 1y &rinted ad!ertisements$ &romotions$ entries in tele&hone and trade dire%tories and in other suita1le manner$ all or whi%h shall 1e in a%%ordan%e with the standards &res%ri1ed and su1Ie%t to a&&ro!al of ?ran%hisor> shall follow all a&&li%a1le laws> shall dis&lay or ma6e a!aila1le at the ?ran%hised Butlet su%h ad!ertisin'" romotional matter or &ro!ided 1y ?ran%hisor as ?ran%hisor reasona1ly dire%ts" +")) ?ran%hisee shall &arti%i&ate fully and without ex%e&tion in all mar6etin' &ro'rams$ sales &romotions and ser!i%es or ?ran%hisor as ?ran%hisor may determine to 1e ne%essary and desira1le for the ?ran%hise from time to time" +")H ?ran%hisee shall &romote and ensure that the ?ran%hised Butlet &romotes &atrona'e or other affiliated Restaurants 1y the &u1li% and should not en%oura'e use of other non-affiliate Restaurants" +")4 ?ran%hisee shall &ermit the ?ran%hisor or its authoriCed re&resentati!es to ins&e%t the ?ran%hised Butlet from time to time at any reasona1le time durin' the term of this A'reement $and shall &ermit and assist the ?ran%hisor to ma6e su%h other in!esti'ations as it deems to 1e ne%essary to determine that the a%ti!ities of the ?ran%hisee and the ?ran%hised Butlet meet the minimum standards set forth in the Rules and Re'ulations and the ?ran%hise B&erations Manual$ and with the o1li'ations of this A'reement" +")- ?ran%hisee shall a&&ly for all ne%essary 'o!ernment$ lo%al authority$ 1an6 or other ne%essary %onsents in order to %ommen%e and %arry on the Business" +")+ All stationery$ literature$ and do%uments used 1y the ?ran%hisee and the ?ran%hised Butlet for the &ur&oses or the Business shall %ontain a statement that ?ran%hisee and/or ?ran%hised Butlet o&erates as a ?ran%hisee under a" li%ense from time to time from ?ran%hisor$ whi%h statement shall 1e &res%ri1ed 1y ?ran%hisor in writin' or shall 1e des%ri1ed in the Rules and Re'ulations or the ?ran%hise B&erations Manual" All stationary drafts to 1e a&&ro!ed 1y the ?ran%hisor in writin'" The fran%hisee also underta6es not to e!er si'n any do%ument dire%tly under the fran%hised mar6/mar6s" +"), ?ran%hisee shall %learly indi%ate$ in 1oth En'lish and in the offi%ial lan'ua'e5s9 of the Territory$ that any le'al a%tion %ommen%ed a'ainst the ?ran%hised Butlet$ ?ran%hisor$ or any other &erson 5in%ludin'$ without limitation$ ?ran%hisee or its Affiliates9 shall 1e filed and maintained only in the %ourts ha!in' Iurisdi%tion o!er the Iurisdi%tion in whi%h the ?ran%hised Butlet is lo%ated" +")/ ?ran%hisee s&e%ifi%ally a%6nowled'es that$ &ursuant to this A'reement$ ?ran%hisee will" re%ei!e !alua1le information in%ludin'$ without limitation$ information re'ardin' the o&erational sales$ &romotional and mar6etin' methods and te%hniDues of Atreme S&orts Bar and the System$ The ?ran%hisee %o!enants that durin'G the term of this A'reement$ and ex%e&t as otherwise a&&ro!ed in writin' 1y ?ran%hisor$ ?ran%hisee shall not$ either dire%tly of indire%tly$ for itself$ or throu'h$ on 1ehalf of$ or in %onIun%tion =ith any &erson$ &artnershi&$ asso%iation or %or&oration$ di!ert or attem&t to di!ert any 1usiness or %ustomer or the ?ran%hised Butlet to any %om&etitor$ 1y dire%t or indire%t indu%ement or otherwise$ to do or &erform dire%tly or indire%tly$ any other a%t inIurious or &reIudi%ial to the 'oodwill asso%iated with the ro&rietary Mar6s and the System" +")J The &arties a'ree that ea%h one the fore'oin' %o!enants shall 1e %onstrued as inde&endent of any other %o!enant or &ro!ision of this A'reement" If all or any &ro!ision of a %o!enant of this Se%tion is held unreasona1le or unenfor%ea1le 1y a %ourt or tri1unal ha!in' !alid Iurisdi%tion in an un-a&&ealed final de%ision to whi%h ?ran%hisor is a &arty$ ?ran%hisee ex&ressly a'rees to 1e 1ound 1y any lesser %o!enant su1sumed within the terms of su%h %o!enant that im&oses the maximum duty &ermitted 1y law$ as if the resultin' %o!enant were se&arately staled in @and made a &art of this Se%tion" +")* ?ran%hisee understands and a%6nowled'es that ?ran%hisor shall ha!e the ri'ht" in its sole dis%retion to redu%e the s%o&e of any %o!enant set forth in Se%tions+"l throu'h +")J" 1oth in%lusi!e$ without ?ran%hiseeFs %onsent$ effe%ti!e immediately u&on re%ei&t 1y ?ran%hisee or written noti%e thereofG and ?ran%hisee a'rees that it shall %om&ly forthwith with any %o!enant so modified" whi%h shall 1e fully enfor%ea1le notwithstandin' the &ro!isions of Se%tion HH") 8 HH"H hereof" +"H. ?ran%hisee ex&ressly a'rees that the existen%e or any %laims it may ha!e a'ainst ?ran%hisor whether or not arisin' from this A'reement$ shall not %onstitute a defense to the enfor%ement 1y ?ran%hisor of the %o!enants in Se%tions +") throu'h +") +")J 1oth in%lusi!e" ?ran%hisee a'rees to &ay all %osts and ex&enses 5in%ludin' reasona1le attorneysF fees and ex&enses9 in%urred 1y ?ran%hisor in %onne%tion with the enfor%ement or Se%tions +") throu'h +")J in%lusi!e" +"H) ?ran%hisee a%6nowled'es that its !iolations .f the terms of Se%tions +") throu'h +")J in%lusi!e$ would result ill irre&ara1le inIury to Atreme S&orts Bar or ?ran%hisor for whi%h no adeDuate remedy at law may 1e a!aila1le$ and ?ran%hisee a%%ordin'ly a'rees that$ notwithstandin' the &ro!isions of Se%tion HH"H 1elow" ?ran%hisor may see6 the issuan%e or an inIun%tion or other similar %ourt order &rohi1itin' any %ondu%t 1y ?ran%hisee in !iolation or the terms or Se%tions +") throu'h +")J in%lusi!e of this A'reement" +"HH ?ran%hisee shall 1ear salaries and other 1enefits and %onditions of ser!i%e and re!ision thereof$ as may he a'reed 1etween ?ran%hisor and em&loyee and as &er the ?ran%hisorFs Human Resour%es oli%y in%ludin' 1ut not limited to house rent$ &ro!ident fund$ su&erannuation 1enefits$ uniforms$ %on!eyan%e$ any other allowan%es and reim1ursa1le as may 1e defined as &oli%y 1y the ?ran%hisor from time to time and reim1urse the %ost of Ioinin' and relie!in' of ea%h other staff de&uted 1y the ?ran%hisor" +"H4 ?ran%hisee shall not offer em&loyment or any other form of monetary %om&ensation or &artnershi& to any em&loyee of the ?ran%hisor without written &ermission from the ?ran%hisor and shall not utiliCe the ser!i%es of mana'erial &ersonnel de&uted 1y the ?ran%hisor for any &ur&ose other than for the o&eration of the Butlet" +"H- ?ran%hisee a'rees to the ?ran%hisor of transferrin' any or all of its de&uted &ersonnel at any time to other mem1er Restaurants of the System or its headDuarters with a !iew to &ro!ide trainin' and /or %areer de!elo&ment$ to fa%ilitate seamless mana'ement" +"H+ ?ran%hisee understands and a%6nowled'es that ?ran%hisor shall ha!e the ri'ht$ in its sole dis%retion$ to redu%e the s%o&e of any %o!enant set forth in Se%tions +") throu'h +"H- in%lusi!e$ without ?ran%hisee@s %onsent$ effe%ti!e immediately u&on re%ei&t 1y ?ran%hisee or written noti%e thereofG and ?ran%hisee a'rees that it shall %om&ly forthwith with any %o!enant so modified$ whi%h shall 1e fully enfor%ea1le notwithstandin' the &ro!isions of Se%tion HH") 8 HH"H thereof" +"H, ?ran%hisee a'rees to ma6e a!aila1le$ on the re%ommendation or the ?ran%hisor %on%essions in Butlet amenities to su%h &erson and others who would hel& to &romote the Butlet" +"H/ It is ex&ressly a'reed 1y and 1etween the &ani%s hereto that in the e!ent the ?ran%hisee is in 1rea%h of the o1li'ations set out at +")$ +"H$ +"4$ +"+$ +"/" +").$ +"HH$ +"H4 and +"H+ hereina1o!e then and in su%h e!ent the ?ran%hisee shall &ay to the ?ran%hisor dama'es at the rate of Rs" )$.../- &er day durin' the %ontinuan%e of su%h 1rea%h 5from the re%ei&t of written noti%e as &ro!ided herein9 u& to su%h time the 1rea%h is %ured 1y the ?ran%hisee" In %ase or 1rea%h or the o1li'ations set out at +"- 8 +"H- hereina1o!e then and in su%h e!ent the ?ran%hisee shall &ay to the ?ran%hisor dama'es at the rate or Rs"+$.../- &er day durin' the %ontinuan%e or su%h 1rea%h 5from the re%ei&t of written noti%e as &ro!ided herein9 u& to-su%h time of the 1rea%h is %ured 1y the ?ran%hisee" +"HJ It is further ex&ressly a'reed 1etween the &arties hereto that in the e!ent the ?ran%hisee fails to %ure su%h 1rea%h as mentioned in +"H/ a1o!e within a &eriod of 4. days from the re%ei&t of written noti%e 5from the ?ran%hisor9 to %ure su%h 1rea%h then and in su%h e!ent this a'reement shall automati%ally %ome to an end at the end of the &eriod of 4. days as afore said and all %onseDuen%es on termination as &ro!ided herein 1elow shall follow" 3. FEES AND !AMENTS ,") The ?ran%hisee shall in %onsideration of@ the fran%hise ri'hts and fran%hise and other su&&ort ser!i%es 1ein' rendered in res&e%t of the ?ran%hised Butlet &ay to the ?ran%hisor as follows> ,")") In addition to the fran%hise fee as set out in %lause ,")"H herein 1elow$ the fran%hisee shall &ay to the ?ran%hisor a onetime si'n u& fee of Rs" )+$..$.../- 5Ru&ees ?ifteen #a6hs Bnly95Ex%lusi!e of Ser!i%e tax or any other statutory le!y as may1e notified from time to time9 at the time or exe%ution or this a'reement" ,")"H The ?ran%hisee shall &ay to the ?ran%hisor$ ?ran%hise fee at the rate of ).L 5Ten &er%ent9 of the monthly net re!enue" All &ayments are Ex%lusi!e of Ser!i%e tax or any other statutory le!y as may1e notified from time to time" The ?ran%hise fee to 1e &aid 1y the ?ran%hisee to the ?ran%hisor in res&e%t of any month shall 1e &aid on or 1efore the tenth day of the su%%eedin' month" ,")"4 The ?ran%hisee shall &ay to the ?ran%hisor the staff de&utation %har'es with res&e%t to the Mana'erial staff de&uted 1y the ?ran%hisor to the fran%hised outlet in%lusi!e of salaries$ ro!ident ?und$ ESI($ Tra!el and Housin' allowan%e and Mo1ile hone Bills 1y the fifth of e!ery su%%eedin' month" ,")"- The ?ran%hisee shall &ay to ?ran%hisor$ for any materials$ %ollaterals$ food and 1e!era'e su&&lies$ et% within se!en days of re%ei&t of the 1ill raised 1y the ?ran%hisor to the fran%hisee" Any delay in a1o!e &ayments$ shall attra%t a H-L &"a" %om&ounded interest" ,"H The ?ran%hisee shall reim1urse ?ran%hisor in res&e%t of all dire%t %osts in%urred on tele&hone$ fax$ %ourier ser!i%es and for tra!el$ 1oardin' in%ludin' non- al%oholi% 1e!era'es and lod'in'$ &ersonal laundry and in%identals at Rs" +../- &er man-day for &ersonnel de&uted 1y the ?ran%hisor for onsite system im&lementation$ o&erations ad!i%e and assistan%e and related su&&ort ser!i%es Initial in%identals for set u& is non %har'ea1le and will 1e at the ex&ense of ?ran%hisor" All mana'ement staff shall tra!el 1y fli'ht 5e%onomy %lass9 with the ex%e&tion of the ?ran%hisor@s (hief Exe%uti!e and B&eratin' Bffi%ers 5Business (lass9 to the fran%hised outlet and they will 1e lod'ed at a reasona1le hotel a%%ommodation at the fran%hisee@ %ost" All other Iunior staff &ro!ided 1y the ?ran%hisor will tra!el 1y Rail Se%ond (lass A/% Slee&er and will 1e &ro!ided with reasona1le$ %lean a%%ommodation and Boardin' at the ?ran%hisee@s %ost" 4. FRANCHISED MAR5S /") ?ran%hisor re&resents that re'istration or a&&li%ation has 1een made in the Territory for re'istration of the ?ran%hised Mar6s" ?ran%hisee a%6nowled'es and a'rees that ?ran%hisor may 1e una1le to o1tain re'istration of some or all of the ?ran%hised Mar6s for whi%h a&&li%ation has 1een made" /"H ?ran%hisee a%6nowled'es ?ran%hisor@s sole ownershi& of the ro&rietary Mar6s 5re'istered or unre'istered9$ dis%laims any ri'ht or interest therein and to the 'oodwill atta%hed thereto$ a'rees not to re'ister or to attem&t to re'ister any of the ro&rietary Mar6s" ?ran%hisee further a%6nowled'es that the &ro&erty in all 'oodwill of the 1usiness transa%ted under this A'reement and all ri'hts therein 1elon' to ?ran%hisor an7 that it has no ri'ht for any "%om&ensation whatsoe!er %on%ernin' the 'oodwill of the 1usiness transa%ted under this A'reement" ?ran%hisee a'rees to assi'n and %on!ey to ?ran%hisor u&on reDuest$ in any su%h form as ?ran%hisor may &res%ri1e$ any ri'hts in the ro&rietary Mar6s as ?ran%hisee may a%Duire" /"4 ?ran%hisee shall assist ?ran%hisor$ at ?ran%hisor@s reDuest and sole %ost and ex&ense$ in o1tainin' re'istration of any ro&rietary Mar6s ?ran%hisor has or mi'ht a%Duire in the Territory$ and a'rees that any ri'hts$ &ri!ile'es and 1enefits$ le'al or otherwise" In%ludin' 'oodwill$ resultin' from the use of the ro&rietary Mar6s 1y ?ran%hisee shall inure only to the ?ran%hisor" /"- ?ran%hisee a'rees that its name shall not %ontain any of the ro&rietary Mar6s and that it shall not use any of the ro&rietary Mar6s in the name of any %or&oration$ Ioint !enture$ &artnershi&$ limited &artnershi& or any other ty&e of 1usiness or'aniCation whi%h owns any interest in$ or o&erates$ the ?ran%hised Butlet" /"+ ?ran%hisee shall not at any time$ durin' the term of this A'reement or thereafter Duestion$ deny$ %ontest or dis&ute the !alidity of the ro&rietary Mar6s or ?ran%hisor@s ex%lusi!e ri'ht$ title$ or interest in and to the ro&rietary Mar6s" ?ran%hisee shall &rom&tly refer to ?ran%hisor any threat or %hallen'e to the !alidity of$ or ?ran%hisor@s ex%lusi!e ri'hts in$ the ro&rietary Mar6s" /", ?ran%hisee shall$ at ?ran%hisors reDuest and ex&ense$ enter into su%h a'reement$ with ?ran%hisor$ for filin' with the rele!ant trademar6 authorities$ as ?ran%hisor shall reDuireG &ro!ided$ howe!er$ that su%h a'reement shall in%lude no terms or o1li'ations other than those im&osed u&on ?ran%hisee under this A'reement$ ex%e&t where ne%essary for su%h a'reement to 1e !alid and enfor%ea1le" /"/ =ith res&e%t to ?ran%hisee@s use of the ?ran%hised Mar6s &ursuant to this A'reement" ?ran%hisee a'rees that> /"/") ?ran%hisee shall use only the ?ran%hised Mar6s authorised 1y ?ran%hisor in this A'reement$ or otherwise in writin'$ and shall use them only in the manner authoriCed and &ermitted 1y ?ran%hisorG /"/"H ?ran%hisee shall use the ?ran%hised Mar6s only for the o&eration of the BusinessG /"/"4 ?ran%hisees@ ri'ht to use the ?ran%hised Mar6s is limited to su%h uses as are authoriCed under this A'reement and any unauthoriCed use thereof shall %onstitute an infrin'ement of ?ran%hisor@s ri'htsG and /"/"- ?ran%hisee shall &rote%t and &romote the 'oodwill atta%hed to the ?ran%hised Mar6s" /"J ?ran%hisee shall in%lude on all si'ns$ stationery and &romotional or ad!ertisin' material$ and all other su%h material used in %onne%tion with the Business$ the ex&ression 7TM7 in %onIun%tion with the ?ran%hised Mar6s$ and shall" In%lude %learly and in a &rominent &osition on su%h material an a&&ro&riate noti%e re'ardin' ownershi& of the ?ran%hised Mar6s as ?ran%hisor %onsiders a&&ro&riate and dire%ts" =here dire%ted 1y ?ran%hisor$ the sym1ol M or other a&&ro&riate sym1ol shall 1e em&loyed to desi'nate a re'istered mar6" /"* ?ran%hisee shall &rom&tly notify the ?ran%hisor of any unli%ensed use of the &ro&rietary Mar6s$ any %hallen'e to the !alidity of the ro&rietary Mar6s$ or any %hallen'e to ?ran%hisor@s ownershi& of$ or ?ran%hisee@s ri'ht to use$ the ro&rietary Mar6s" ?ran%hisee a%6nowled'es that ?ran%hisor has the sole ri'ht to determine$ dire%t$ and %ontrol any ne'otiation$ administrati!e &ro%eedin'$ or liti'ation in!ol!in' the ro&rietary Mar6s$ in%ludin' any settlement thereof" ?ran%hisor has the ri'ht$ 1ut not the o1li'ation$ to ta6e a%tion a'ainst uses 1y others that may %onstitute infrin'ement of the ro&rietary Mar6s" ro!ided ?ran%hisee has used the ?ran%hised Mar6s in a%%ordan%e with this A'reement$ the Rules and Re'ulations" and the ?ran%hise B&erations Manual" and further &ro!ided ?ran%hisee has notified ?ran%hisor in writin' or any third &arty %laim" suit$ or demand in!ol!in' the ?ran%hised Mar6s" and defense of ?ran%hisee a'ainst any third &art9$ %laim suit$ or demand in!ol!in' the ?ran%hised Mar6s arisin' out of ?ran%hisee@s use thereof shall not 1e at ?ran%hisee@s ex&ense$ Btherwise$ any defense of ?ran%hisee a'ainst su%h third &arty %laims$ suits$ or demands shall 1e at ?ran%hisee@s ex&enses" In the e!ent the defense or &rose%ution of any liti'ation relatin' to the ?ran%hised Mar6s is underta6en hereunder$ ?ran%hisee a'rees to exe%ute any and all do%uments and to do su%h a%ts and thin's as may$ in the o&inion of %ounsel for ?ran%hisor$ 1e ne%essary to %arry out su%h defense or &rose%ution$ in%ludin'$ 1ut not limited to$ 1e%omin' a nominal &arty to any le'al a%tion" Ex%e&t to the extent that su%h liti'ation the result of ?ran%hisee@s use of the ?ran%hised Mar6s in a manner in%onsistent with the terms of this A'reement$ the Rules and Re'ulations$ the ?ran%hise B&erations Manual$ and su%h other noti%es as ?ran%hisor or ?ran%hisor may 'i!e$ ?ran%hisor a'rees to reim1urse ?ran%hisee for its out-of-&o%6et %osts in doin' su%h a%ts and thin's$ ex%e&t that ?ran%hisee shall 1ear the salary %osts of its em&loyeesG and ?ran%hisor shall &ay the %osts of any Iud'ment or settlement" /"). ?ran%hisor reser!es the ri'ht to reDuire ?ran%hisee to su1stitute different ?ran%hised Mar6s for use in identifyin' the System and the Business o&eratin' hereunder$ if ?ran%hisor$ in its sole dis%retion$ determines that su1stitution of different ?ran%hised Mar6s would 1e 1enefi%ial$ ?ran%hisee a'rees to %om&ly with all su%h %han'es at its sole %ost and ex&ense" /")) ?ran%hisee a%6nowled'es and a'rees that ?ran%hisor ex&ressly has reser!ed to itself all %o&yri'hts in the ?ran%hise B&erations Manual$ the Rules and Re'ulations$ 1oth in the %urrent !ersions of ea%h and in any re!isions thereto" /")H ?ran%hisee a'rees that its 1usiness name and the name of any of its affiliates$ re'ardless of the form of 1usiness or'aniCation 5%or&oration$ &artnershi&$ Ioint !enture$ et%"9 shall not %ontain any ro&rietary Mar6 or anythin' %onfusin'ly similar thereto" 6. FRANCHISE O!ERATIONS MAN7A"8 R7"ES AND REG7"ATIONS J") In order to &rote%t the re&utation and 'oodwill of ?ran%hisor and to maintain uniform standards of o&eration under the System and under the ?ran%hised Mar6s$ ?ran%hisee shall %ondu%t the Business in a%%ordan%e with the ?ran%hise B&erations Manual$ the Rules and Re'ulations$ Standard B&eratin' ro%edures and Human Resour%e oli%ies" J"H ?ran%hisor may from time to time &ro!ide to ?ran%hisee re!isions to the %ontents of the ?ran%hise B&erations Manual and the Rules and Re'ulations$ and ?ran%hisee shall in%or&orate su%h re!isions into ?ran%hisee@s ?ran%hise B&erations Manual" ?ran%hisee shall %om&ly with ea%h new or %han'ed standard in the ?ran%hise B&erations Manual and the Rules and Re'ulations and stri%tly adhere to the same" 9. CONFIDENTIA"IT *") ?ran%hisee a%6nowled'es that ?ran%hisor@s System is uniDue and %onfidential and that ?ran%hisor has !alua1le 'oodwill whi%h has 1een de!elo&ed and whi%h ?ran%hisor intends to maintain and extend" Ex%e&t as otherwise authoriCed herein ?ran%hisee a%%ordin'ly a'rees that it shall not$ without ?ran%hisor@s &rior written %onsent$ dis%lose or otherwise ma6e a!aila1le to any third &arty$ the fran%hise B&erations Manual$ the Rules and Re'ulations$ or any other information it re%ei!ed in %onfiden%e from the ?ran%hisor and will ta6e all reasona1le &re%autions to &re!ent third &arties from 'ainin' a%%ess to su%h information" *"H ?ran%hisee also shall reDuire$ at ?ran%hisorFs reDuest$ that any em&loyee$ shareholder$ dire%tor$ offi%er$ of &artner exe%ute %o!enants in En'lish that they will maintain the %onfidentiality of information or 6nowled'e they re%ei!e in %onne%tion with the Business" Su%h %o!enants shall he in a form satisfa%tory to ?ran%hisor in%ludin'$ without limitation s&e%ifi% identifi%ation or ?ran%hisor as &ani%s to su%h %o!enants with the inde&endent ri'ht to enfor%e them" $:. RE!ORTS AND ACCO7NTS ).") ?ran%hisee shall send daily re&orts on %o!ers and %he%6 51ill9 %olle%tions$ and in%ome to the ?ran%hisor" ?ran%hisee shall within + days after the %lose of ea%h %alendar month$ furnish to the ?ran%hisor$ in su%h form as may 1e &res%ri1ed 1y ?ran%hisor$ duly %ertified re&orts and statements in%ludin' 1ut not limited to> - monthly %ertifi%ate of fee &aya1le> - monthly %o!er and %he%6s re&ort> - monthly &rofit and loss statement - monthly o&erations and statisti%s re&ort - monthly 1usiness sour%e re&ort - Monthly %ustomer feed1a%6 forms - Monthly &ur%hase statement - Monthly o&enin' and %losin' sto%6 - monthly 1an6 statements$ - 3aily Sales Re&ort - 3aily Noid Bills Re&orts - 3aily (an%elled and Noid OBT@ Re&orts - 3aily 3is%ount Re&orts - 3aily Non (har'ea1le Bills Re&orts - 3aily Non A!aila1ility Re&ort - 3aily In%ident Re&orts - 3aily Ta1le transfer and %an%elled orders Re&ort - 3aily software (ollates 5Nia Email9 )."H ?ran%hisee shall 6ee& at the ?ran%hised Butlet %om&lete and a%%urate 1oo6s$ re%ords$ and a%%ounts in res&e%t of the Business in a%%ordan%e with 'enerally a%%e&ted a%%ountin'G &rin%i&les in the Territory and shall> )."H") ha!e su%h 1oo6s$ re%ords$ and a%%ounts audited on%e ea%h year throu'hout the term of this A'reement 1y an inde&endent %hartered a%%ountant a&&ro!ed 1y the ?ran%hisor in a%%ordan%e with 'enerally a%%e&ted &rin%i&les in the Territory and su1mit su%h audited finan%ial statements to ?ran%hisor within six 5,9 months of the end of ?ran%hisee@ fis%al yearG )."H"H reser!e su%h 1oo6s$ re%ords$ and a%%ounts$ for not less than three years> and &ermit ?ran%hisor to ins&e%t and ma6e %o&ies of any finan%ial information$ 1oo6s$ a%%ounts$ or re%ords maintained 1y ?ran%hisee as ?ran%hisor reasona1ly reDuires 5on reasona1le &rior noti%e only in the e!ent of ins&e%tion after normal 1usiness hours9" )."H"4 Ban6 all re%ei&ts (ash/ (ard et% in a desi'nated 1an6 a%%ount" )."H"- ay all 'o!ernment 3ues su%h as sales tax$ ?$ ESI($ Ad!an%e Tax$ Ser!i%e Tax in a timely manner" )."4 In the e!ent that all audit or su%h hoo6s$ re%ords$ or a%%ounts shows ?ran%hisee to ha!e under&aid any fees due to ?ran%hisor hereunder$ ?ran%hisee a'rees to &ay &rom&tly to ?ran%hisor su%h sums as ha!e 1een under&aid &lus interest at Twenty ?our &er%ent 5H-L9 &er annum$ from the rele!ant ayment 3ates until the time the &ayment is made of the outstandin' sums and any a%%rued interest" $$. INS7RANCE ))") ?ran%hisee a'rees to &ro%ure und maintain in full for%e and effe%t durin' the entire term of this A'reement$ at its sole %ost and ex&ense$ su%h insuran%e reDuirements set forth in its lease/%ondu%tin' a'reement for the Butlet &remises &rote%tin' ?ran%hisee and the ?ran%hised Butlet with the ?ran%hisee as the named insured and ?ran%hisor$ ?ran%hisorFs affiliates$ a'ent@s ser!ants$ em&loyees" offi%ers$ and dire%tors as additional insured" and to furnish ?ran%hisor with e!iden%e of %om&lian%e no less freDuently than on%e ea%h year" The fore'oin' insuran%e in this (lause and in (lause ))"H shall 1e &la%ed with an insuran%e %om&any or %om&anies reasona1ly satisfa%tory to ?ran%hisor" ))"H ?ran%hisee a'rees to &ro%ure and maintain in full for%e and effe%t durin' the entire term of this A'reement at the ?ran%hisee@s sole %ost and ex&ense$ a %om&rehensi!e 'eneral lia1ility@ &oli%y a'ainst all 6nown ris6s normally %o!ered 1y an em&loyer %arryin' on a Restaurant 1usiness in the Territory$ in%ludin' 5without limitation9 adeDuate em&loyer@s lia1ility and third &arty a%%ident %o!er" ))"4 ?ran%hisee a'rees that ?ran%hisor may from time to time durin' the term of this A'reement reDuire that the adeDuate limits of insuran%e %o!era'e as aforesaid 1e reasona1ly in%reased in any area for su%h reasona1le amounts determined 1y ?ran%hisor and the area or ty&e of insuran%e %o!er may also 1e reasona1ly extended 1y ?ran%hisor" ))"- Bri'inal or du&li%ate %o&ies of all insuran%e &oli%ies or of any %ertifi%ate of su%h insuran%e shall 1e furnished &rom&tly to ?ran%hisor$ and ?ran%hisor shall 1e &ro!ided 1y ?ran%hisee with &roof of &ayment of all &remiums thereof" E!iden%e of renewal shall 1e made to ?ran%hisor &rior to the ex&iration date of su%h &oli%y" ?ran%hisee shall &ro%ure that the insurers a'ree to notify@ ?ran%hisor of any failure 1y ?ran%hisee to &ay any &remium due to res&e%t of su%h &oli%y within the &eriod &ermitted 1y the insurer" ))"+ In the e!ent ?ran%hisee should fail to &ro%ure or maintain insuran%e of the ty&e and for the amount s&e%ified in this A'reement$ or as may hereinafter 1e %han'ed 1y ?ran%hisor$ ?ran%hisor may at their o&tion without noti%e$ in addition to su%h other ri'hts and remedies whi%h they may ha!e$ &ro%ure and maintain su%h insuran%e and %har'e the full &remiums thereof to the ?ran%hisee or they may immediately terminate this A'reement" ))", The &ro%urin' and maintenan%e of su%h insuran%e and the &erforman%e 1y ?ran%hisee of ?ran%hisee@s o1li'ations under this (lause shall not relie!e ?ran%hisee of any lia1ility$ im&osed 1y or under the indemnity &ro!isions set forth in (lause ),") of this A'reement" ))"/ !ara*ount# In the e!ent of any %laim in res&e%t of this Butlet 1ein' made on ?ran%hisor 1y anyone$ whi%h %laim does not %ome within the &oli%y effe%ted 1y the ?ran%hisee then the ?ran%hisee shall defend su%h %laim at his own %ost and ex&enses and in the e!ent any award is made a'ainst the ?ran%hisor$ su%h award will 1e met 1y and shall 1e to the a%%ount of the ?ran%hisee" ))"J All %laims whether lod'ed 1y the ?ran%hisor or ?ran%hisee under any insuran%e &oli%y ta6en in terms of this A'reement$ will$ at the first instan%e 1e re%ei!ed 1y the ?ran%hisee and any lia1ility/loss %o!ered 1y su%h %laims whi%h ha!e 1een 1orne/met 1y ?ran%hisor shall forthwith 1e reim1ursed to ?ran%hisor as the %ase may 1e" ))"* Notwithstandin' anythin' %ontained hereina1o!e$ it is here1y a'reed 1y and 1etween the arties hereto that it is the ?ran%hisee@s o1li'ation to &ro%ure and maintain the insuran%e &oli%ies 5reDuired as aforesaid9" $.. AD;ERTISING AND MAR5ETING )H") ?ran%hisee a'rees to adhere to all a&&li%a1le statutory re'ulations and to ?ran%hisorFs reDuirements in res&e%t of ad!ertisin' and &romotion of the ?ran%hised Butlet" All ad!ertisements and other material &ro&osed to 1e &u1lished$ %ir%ulated$ or exhi1ited 1y ?ran%hisee shall 1e su1mitted to ?ran%hisor at least fourteen 5)-9 days &rior to the first use of su%h material for the written a&&ro!al of the ?ran%hisor" ?ran%hisor has the ri'ht to disa&&ro!e the use of any su%h material" No material whi%h has 1een disa&&ro!ed 1y the ?ran%hisor shall 1e used 1y the fran%hisee" The fran%hisee shall in%lude any statement or information in su%h ad!ertisin' or other &romotional materials as the ?ran%hisor may dire%t" The fran%hisee is ex&e%ted to retain a &rofessional &u1li% relations %om&any a&&ro!ed 1y the ?ran%hisor" All &ress releases or statements made with re'ard to the fran%hised outlet need a written a&&ro!al 1y the ?ran%hisor" )H"H ?ran%hisee shall also dis&lay or ma6e a!aila1le su%h ad!ertisin'$ &romotional matters$ or other information &ro!ided or &re&ared 1y ?ran%hisor in the form and manner that ?ran%hisor reasona1ly dire%ts 5su%h material relatin' to ?ran%hisor and/or the System9" If ?ran%hisor reDuests" $/. ASSIGNMENT )4") ?ran%hisee understands and a%6nowled'es that the ri'hts and o1li'ations set forth in this A'reement are limited to ?ran%hisee and that ?ran%hisor has 'ranted this Business in relian%e on ?ran%hisee@s 1usiness s6ill and finan%ial %a&a%ity" A%%ordin'ly$ neither ?ran%hisee nor any immediate or remote su%%essor to any &art of ?ran%hisee@s interest in the ri'hts 'ranted hereunder$ nor any &erson 5whi%h$ for &ur&oses of this Se%tion )4$ shall in%lude any indi!idual$ &artnershi&$ asso%iation$ %or&oration$ or other form of le'al entity9 whi%h dire%tly owns any interest in ?ran%hisee shall sell$ assi'n$ transfer$ %on!ey$ &led'e$ mort'a'e or otherwise en%um1er$ without ?ran%hisor@s &rior written %onsent$ this A'reement$ or any ri'hts or o1li'ations hereunder any dire%t interest in ?ran%hisee or in su1stantially all of the assets of ?ran%hisee" Any attem&ted or &ur&orted assi'nment or transfer 1y o&eration of law or otherwise$ not ha!in' the &rior written %onsent or ?ran%hisor reDuired 1y this Se%tion )4" shall %onstitute a material 1rea%h or this A'reement$ for whi%h ?ran%hisor may then terminate without o&&ortunity to %ure &ursuant to Se%tion )- of this A'reement" )4"H ?ran%hisor shall not unreasona1ly withhold its %onsent to any transfer reDuirin' ?ran%hisorFs &rior written %onsent &ursuant to Se%tion )4") hereofG &ro!ided$ howe!er that ?ran%hisor shall ha!e the ri'ht to withhold its %onsent$ in its sole dis%retion to a transfer of this A'reement$ any transfer of any- of ?ran%hisee@s ri'hts or o1li'ations hereunder$ or any transfer of any ownershi& interest in ?ran%hisee to any &erson en'a'ed in fran%hisin' or Restaurants anywhere in the world" ?urthermore$ if a transfer$ alone or to'ether with other &re!ious$ simultaneous or &ro&osed transfers$ would ha!e the effe%t of transferrin' this A'reement$ or any or ?ran%hiseeFs ri'hts or o1li'ations hereunder$ or %han'in' %ontrol or ?ran%hisee or of transferrin' all or a su1stantial &ortion or the assets of ?ran%hisee$ ?ran%hisor may$ in its sole dis%retion$ reDuire satisfa%tory %om&lian%e with any or all of the followin' %onditions> )4"H") All of ?ran%hiseeFs a%%rued monetary o1li'ations and all other outstandin' o1li'ations to ?ran%hisor$ its su1sidiaries and its affiliates shall ha!e 1een satisfied" )4"H"H ?ran%hisee shall not 1e in default under any &ro!ision or this A'reement$ any amendment hereof any other a'reement 1etween ?ran%hisee and ?ran%hisor or their su1sidiaries and of any lease or su1lease for the &remises at whi%h the ?ran%hisee Butlet is lo%ated" )4"H"4 The transferor shall ha!e exe%uted a 'eneral release$ in a form satisfa%tory to ?ran%hisor$ of any and all %laims a'ainst ?ran%hisor and their su1sidiaries and affiliates and their offi%ers$ dire%tors$ shareholders$ and em&loyees$ in their %or&orate and indi!idual %a&a%ities$ in%ludin'$ without limitation$ %laims arisin' under national and lo%al laws$ rules$ and ordinan%esG )4"H"- The transferee 5if the transferee is other than an indi!idual$ su%h owners of a 1enefi%ial interest in the transferee as ?ran%hisor may reDuest9 shall enter into a written assi'nment$ in a form satisfa%tory to ?ran%hisor$ assumin' and a'reein' to dis%har'e all of ?ran%hisee@s o1li'ations under this A'reementG and the transferee$ at ?ran%hisor@s o&tion$ shall 'uarantee the &erforman%e or all su%h o1li'ations in writin' in a form satisfa%tory to ?ran%hisor" )4"H"+ The transferee$ and su%h owners of a 1enefi%ial interest in the transferee as ?ran%hisor may reDuest$ shall demonstrate to ?ran%hisor@s satisfa%tion that the transferee meets ?ran%hisorFs then-%urrent standards for new fran%hisees in the System$ in%ludin'$ without limitation$ ?ran%hisor@s standards %on%ernin' related 1usiness ex&erien%e$ add finan%ial %onditionG )4"H", At ?ran%hisor@s o&tion$ the transferee shall exe%ute 5and/or u&on ?ran%hisor@s reDuest$ shall %ause all interested &arties to exe%ute9$ for the same term as the term des%ri1ed in Se%tion 4 of this A'reement$ the then-%urrent form of ?ran%hise A'reement utiliCed 1y ?ran%hisor in the Territory$ whi%h su%h a'reement shall otherwise su&ersede this A'reement in all res&e%ts and whi%h a'reement shall 1e %onformed for use in "the Territory %onsistent with the laws and %ustoms thereof$ and the terms of whi%h a'reement may differ from the terms of this A'reement in%ludin'$ without limitation$ in%reased fran%hise ser!i%es fees$ and in%reased minimum &romotion and ad!ertisin' %ontri1utions and ex&endituresG )4"H"/ The transferee shall$ in a manner satisfa%tory to ?ran%hisor$ refur1ish the ?ran%hised Butlet at its ex&ense to &resent the ima'e then in effe%t for new or the most re%ently remodeled Restaurants under the System$ in%ludin' without limitation$ su%h stru%tural %han'es$ remodelin'$ and rede%oration$ and su%h modifi%ations to existin' im&ro!ements as may 1e ne%essaryG )4"H"J ?ran%hisee shall remain lia1le for all of the o1li'ations to ?ran%hisor and its affiliates in %onne%tion with the ?ran%hised Butlet arisin' &rior to the effe%ti!e date of the transfer and shall exe%ute any and all instruments reasona1ly reDuested 1y ?ran%hisor to e!iden%e su%h lia1ilityG and )4"H"* ?ran%hisee shall &ay$ at the time a reDuest for a&&ro!al of a transfer is made$ a non-refunda1le transfer fee in the amount ne%essary to reim1urse ?ran%hisor for its reasona1le %osts and ex&enses asso%iated with re!iewin' the a&&li%ation to transfer$ whi%h transfer tee shall not ex%eed the amount then 1ein' %har'ed to other fran%hisees as an initial fran%hise fee" )4"4 The ?ran%hise and other ri'hts and duties herein are &ersonal to the ?ran%hisee any may not in any manner he sold$ assi'ned$ leased$ su1-let$ &led'ed$ transferred$ or &arted with &ossession" Any su%%essor-in-interest shall 1e reDuired to exe%ute a new ?ran%hise A'reement$ and to &ay a new Initial ?ee$ in order to %ontinue the ?ran%hised Butlet in the System" )4"- ?ran%hisor shall ha!e the ri'ht to transfer all or any &art of its ri'hts or o1li'ations under this A'reement to any &erson or le'al entity" $0. TERMINATION )-") I**ediate Ter*ination <ithout O''ortunit( to Cure P ?ran%hisor may terminate this A'reement and all ri'hts 'ranted herein without &rior noti%e to ?ran%hisee on o%%urren%e of any of the followin' e!ents" )-")") If ?ran%hisee shall 1e%ome insol!ent or ma6e a 'eneral assi'nment for the 1enefit of %reditorsG or if a &etition in 1an6ru&t%y is tiled 1y ?ran%hisee or su%h a &etition is filed a'ainst ?ran%hisee and not o&&osed 1y ?ran%hiseeG or if a re%ei!er or other %ustodian 5&ermanent of tem&orary9 of ?ran%hisee@s assets or &ro&erty$ or any &art thereof$ is a&&ointed 1y any %ourt of %om&etent Iurisdi%tion$ or if any suit to fore%lose any lien or mort'a'e a'ainst the ?ran%hisee@s &ro&erty is instituted$ and not dismissed or %ontested 1y liti'ation within thirty 54.9 daysG or if ?ran%hisee is dissol!edG or if exe%ution is le!ied a'ainst all or su1stantially all of ?ran%hisee@s 1usiness or &ro&ertyG or if the real or &ersonal &ro&erty of ?ran%hisee shall 1e sold after le!y thereu&on 1y any offi%er a%tin' on 1ehalf of any %ourtG )-")"H If for any reason whatsoe!er the ?ran%hised Butlet %eases to exist or is sold/transferred 1y the ?ran%hisee to-a third &arty or in the e!ent of the fran%hisee 1ein' a lessee/li%ensee of the fran%hised Butlet the lease/li%ense A'reement with the Bwner 1ein' terminated then this A'reement shall stand terminated forthwith> )-"H Ter*ination =( Franchisor A,ter O''ortunit( to Cure > ?ran%hisee shall 1e deemed to 1e in default and ?ran%hisor may$ at its o&tion$ terminate this A'reement and all ri'hts 'ranted hereunder$ without further noti%e to ?ran%hisee$ effe%ti!e immediately u&on re%ei&t of noti%e 1y ?ran%hisee$ u&on any 1rea%h of any of ?ran%hisee@s o1li'ations hereunder$ in%ludin'$ 1ut not limited to$ any of the followin' e!ents> )-"H") If$ within fifteen 5)+9 days after noti%e is 'i!en to it 1y ?ran%hisor reDuirin' remedy$ ?ran%hisee tails to &ay when due &ayments reDuirement under this A'reement ?ran%hisee shall not ha!e remedied or %ause to 1e remedied su%h 1rea%hG )-"H"H If$ within fifteen 5)+9 days after noti%e is 'i!en to it 1y ?ran%hisor reDuirin' remedy$ ?ran%hisee fails to maintain or o1ser!e any of the standards or &ro%edures reDuired for o&eration of the ?ran%hised Butlet 1y ?ran%hisor ill this A'reement$ in the ?ran%hise B&erations Manual$ the Rules and Re'ulations or otherwise in writin'$ and ?ran%hisee shall not ha!e remedied or %ause to 1e remedied su%h 1rea%hG )-"H"4 If$ within fifteen 5)+9 days after noti%e is 'i!en to it 1y ?ran%hisor reDuirin' remedy$ ?ran%hisee fails to timely su1mit any information reDuired under this A'reement ?ran%hisee shall not ha!e remedied or %ause to 1e remedied su%h 1rea%h$ or )-"H"- If$ within fifteen 5)+9 days after noti%e is 'i!en to it 1y ?ran%hisor reDuirin' remedy$ ?ran%hisee 1rea%hes any other %o!enant &romise$ o1li'ation$ or underta6in' herein %ontained$ if su%h 1rea%h shall 1e of a remedia1le nature and ?ran%hisee shall not ha!e remedied or %ause to 1e remedied su%h 1rea%h" )-"4 Ter*ination =( Franchisor A,ter O''ortunit( to ,urnish e-idence > The ?ran%hisor shall 1e entitled to terminate this A'reement 1y 'i!in' a 4. day written noti%e to the ?ran%hisee in the e!ent that any of the e!ents listed in )-"4") to )-"4"* o%%ur" The ?ran%hisee shall 1e entitled to utiliCe the thirty day &eriod mentioned hereina1o!e to &ro!ide suffi%ient e!iden%e to the ?ran%hiseG with a !iew to satisfy the ?ran%hisor that the 1rea%hes 5mentioned in )-"4") to )-"4"* 1elow9 %om&lained of ha!e not 1een %aused as a %onseDuen%e of any default or ne'li'en%e of the ?ran%hisee" The de%ision of the ?ran%hisor as to whether the 1rea%hes$ %om&lained of are a %onseDuen%e of any default or ne'li'en%e of the fran%hisee shall 1e final" )-"4") If$ %ontrary to the terms of Se%tion )4 hereof$ ?ran%hisee or any shareholder in ?ran%hisee &ur&orts to ma6e any transfer to any third &arty without ?ran%hisor@s &rior written %onsentG )-"4"H If$ %ontrary to the terms of Se%tion * hereofG ?ran%hisee dis%loses or di!ul'es any %onfidential information &ro!ided to ?ran%hisee 1y ?ran%hisor> )-"4"4 If ?ran%hisee misuses or ma6es any unauthoriCed use of the ro&rietary Mar6s or otherwise materially im&airs the 'oodwill asso%iated therewith or ?ran%hisor@s ri'hts thereinG )-"4"- If ?ran%hisee su1mits false or misleadin' information reDuired under this A'reement> )-"4"+ If ?ran%hisee fails to %om&ly with the insuran%e reDuirements set forth in Se%tion )) hereofG )-"4", If any other a'reement 1etween ?ran%hisee and ?ran%hisor$ or an Affiliate of the ?ran%hisor is terminated for 1rea%h 1y ?ran%hisee" )-"4"/ If a threat or dan'er to &u1li% health or safety results from the %onstru%tion$ reno!ation$ maintenan%e" or o&eration of the ?ran%hised ButletG )-"4"J If ?ran%hisee !iolates the %o!enants a'ainst %om&etition %ontained in Se%tion +")/ hereof> or )-"4"* If the 1enefi%ial ownershi& of any interest 5whi%h for &ur&oses hereof shall in%lude$ 1ut not 1e limited to$ sto%6$ 1onds$ de1entures$ &artnershi& interest" or the li6e9 in ?ran%hisee 1e%omes$ dire%tly or indire%tly$ owned 1y a %om&any other than ?ran%hisor or without ?ran%hisor@s &rior written %onsent" )-"4"). If for any other than finan%ial &erforman%e reason the ?ran%hisee wishes to terminate this A'reement it may do so 1y 'i!in' the ?ran%hisor a &eriod of six months to remedy any 'rie!an%e or misunderstandin'$ and on the &ayment of all outstandin' dues" Alternati!ely if the ?ran%hisee wishes to terminate the A'reement without offerin' any time to the ?ran%hisor to remedy any 'rie!an%e or misunderstandin'$ it may do so 1y &ayin' a fee eDui!alent to the amounts earned 1y the ?ran%hisor durin' the &re%edin' six months from the date of the &ro&osed termination" $2. RIGHTS AND OB"IGATIONS 7!ON TERMINATION OR E?!IRATION )+") K&on the termination or ex&iration of this A'reement howsoe!er o%%asioned all of ?ran%hisee@s ri'hts and &ri!ile'es hereunder shall %ease immediately and fran%hisee shall immediately> )+")") (ease to o&erate the ?ran%hised Butlet under the System and the ?ran%hised Mar6sG )+")"H (ease to use any of the ?ran%hised Mar6s or any as&e%t of the System and %ease to use in any manner whatsoe!er any terms$ manuals$ slo'an si'ns$ mar6s or sym1ols %ontainin' the ?ran%hised Mar6s$ &rodu%ts made a!aila1le under the fran%hise system$ food and 1e!era'es and anythin' similar thereto or su''esti!e thereof used in %onne%tion with the ?ran%hised ButletG )+")"4 (ease to %laim or re&resent orally or in writin' that it is or that the ?ran%hised Butlet is a ?ran%hisee or a fran%hised Butlet of ?ran%hisorG )+")"- Remo!e or alter all rele!ant si'ns used in %onne%tion with the ?ran%hised Butlet so as to distin'uish it from the ?ran%hisor and ?ran%hisorG )+")"+ ay without offset all sums owin' to ?ran%hisor and their AffiliatesG )+")", Not allow any third &arty to use or a&&ly the SystemG )+")"/ 3eli!er u& to ?ran%hisor all manuals 5in%ludin'$ without limitation" the ?ran%hise B&erations Manual9$ the Rules and Re'ulations$ the standard re%i&es$ system software$ and all &ro'rams and %onfidential information in its &ossession or %ontrol and not 6ee& any %o&ies thereof@G and )+")"J 3o e!erythin' ne%essary to terminate the a'reement$ if any$ exe%uted &ursuant to Se%tion /"/ hereto$ and ta6e su%h a%tion as may 1e ne%essary to %an%el any assumed name or eDui!alent re'istration whi%h %ontains any ?ran%hised Mar6" ?ran%hisee shall furnish ?ran%hisor with e!iden%e satisfa%tory to ?ran%hisor of %om&lian%e wit this o1li'ation within se!en 5/9 days after termination of ex&iration of this A'reement" )+"H In the e!ent ?ran%hisee %ontinues to o&erate or su1seDuently 1e'ins to o&erate any other 1usiness followin' termination or ex&iration of this A'reement$ ?ran%hisee shall not use any re&rodu%tion$ %ounterfeit$ %o&y$ .)@ %olora1le imitation of the ?ran%hised Mar6s or any of the ro&rietary Mar6s" either in %onne%tion with su%h other 1usiness or the &romotion thereof whi%h is li6ely ). %ause %onfusion$ mista6e or de%e&tion or whi%h is li6ely to dilute ?ran%hisor@s ri'hts in and to su%h mar6s$ and shall not utilise any desi'nation of ori'in or des%ri&tion or re&resentation whi%h falsely su''ests or re&resents an asso%iation or %onne%tion with ?ran%hisor or ?ran%hisor %onstitutin' unfair %om&etition or use similar &rodu%t offerin's to the ?ran%hisors food and 1e!era'e offerin's and am1ien%e" )+"4 In the e!ent of termination of this A'reement &ursuant to Se%tions )-") 8 )-"H hereof$ in addition to any other remedies a!aila1le under this A'reement$ ?ran%hisee shall &ay to ?ran%hisor$ within thirty 54.9 days followin' the date of su%h e!ent$ as liDuidated dama'es and not as a &enalty$ an amount eDual to the mathemati%al &rodu%e or the ?ran%hise Ser!i%es ?ee des%ri1ed in Se%tion ,"H hereof multi&lied 1y the num1er of months from the date of termination hereof to the next date on whi%h ?ran%hisee %ould ha!e !alidly terminated this A'reement &ursuant to Se%tion 4 hereof &lus any a&&li%a1le taxes assessed on su%h &aymentG &ro!ided" ayment of su%h liDuidated dama'es is in addition to all other ri'hts .)@ ?ran%hisor hereunder$ in%ludin'$ without limitation$ the ri'ht to o1tain eDuita1le relief and to %olle%t amounts owed whi%h a%%rued &rior to termination of this A'reement" The &arties a%6nowled'e that the inIury %aused to ?ran%hisor 1y ?ran%hisee@s 1rea%h is diffi%ult or im&ossi1le a%%urately to estimate$ that they intend to &ro!ide for %om&ensation for dama'es whi%h are not s&e%ifi%ally as%ertaina1le and not as a &enalty" The &arties a'ree that the sti&ulated method of %om&utation %onstitutes a reasona1le estimate of ?ran%hisor@s &ro1a1le loss resultin' from su%h 1rea%h 1y ?ran%hisee" )+"- In the e!ent of termination or ex&iration of this A'reement for any reason whatsoe!er$ the ?ran%hisee shall immediately %ease and refrain from holdin' the ?ran%hised Butlet to the 'eneral &u1li% as a ?ran%hised Butlet or former ?ran%hised Butlet" The ?ran%hisee shall within ten days %han'e the forms$ manuals$ menus$ &rodu%t offerin's slo'an si'ns$ mar6s or sym1ols$ ad!ertisin' and &romotional material %ontainin' ro&rietary Ri'hts anythin' similar to or su''esti!e thereof )+"+ In the e!ent that$ ?ran%hisee fails to dis%ontinue use of the ?ran%hised Mar6s or other matter referred to in su1-%lause )+"- a1o!e within Ten 5).9 days and the ro&rietary Ri'hts within fifteen 5)+9 days su1Ie%t to 1ein' &re!ented or delayed 1y any le'al re'ulation or formality in whi%h %ase ?ran%hisee a'rees that ?ran%hisor or ?ran%hisor shall also 1e entitled to inIun%ti!e or other eDuita1le relief for any !iolation of the fore'oin'" )+", The termination of this A'reement howsoe!er o%%asioned> )+",") Shall he without &reIudi%e to any ri'hts whi%h shall ha!e a%%rued to either &arty hereunder &rior to or as a result or su%h termination> and )+","H Shall not release ?ran%hisee from @its o1li'ations to &ay the fees or other sums a%%rued and due 51ut not &aid9 u& to the date of su%h termination$ nor entitle ?ran%hisee to re&ayment of any monies already &aid 1y it under and &ursuant to this A'reement $3. RE"ATIONSHI! OF !ARTIES8 INDEMNIFICATION8 THIRD !ART RIGHTS ),") Nothin' in this A'reement shall 1e %onstrued as ma6in' the &arties hereto &artners or Ioint !entures or render either &arty hereto lia1le for any of the de1ts or o1li'ations of the other &arty hereto" ?ran%hisee shall in no way 1e %onsidered as 1ein' an a'ent or re&resentati!e of ?ran%hisor or ?ran%hisor in any dealin's whi%h ?ran%hisee may ha!e with any third &an9@" and ?ran%hisee shall not a%t for or ma6e any re&resentations on 1ehalf of ?ran%hisor or ?ran%hisor in any su%h dealin's and shall ha!e no &ower to %ontra%t on 1ehalf of ?ran%hisor or ?ran%hisor" =hene!er ?ran%hisee des%ri1es its relationshi& to ?ran%hisor or ?ran%hisor it shall ma6e it dear that" ex%e&t as aforesaid" it is not an a'ent$ re&resentati!e" or other &erson ha!in' authority to ma6e %ontra%ts or in%ur o1li'ations 1indin' on ?ran%hisor" ),"H ?ran%hisee shall$ as a'ainst ?ran%hisor$ 1e res&onsi1le for all %laims$ losses$ dama'es$ ex&enses$ and/or lia1ility or whatsoe!er nature to third &arties ori'inatin' in" or in %onne%tion with$ the o&eration or the ?ran%hised Butlet$ ex%e&t in the %ase of ne'li'en%e$ other 1rea%h of duty$ 1rea%h of %ontra%t$ or willful default on the &an of ?ran%hisor$ and for all %laims$ %osts$ and demands IllQ@ dama'es to &ro&erty or for inIury$ illness or death of &ersons dire%tly or indire%tly resultin' there fromG and ?ran%hisee a'rees to defend and to indemnify fully ?ran%hisor in res&e%t of@ any su%h %laims$ losses$ dama'es$ ex&enses or lia1ility$ in%ludin' any le'al fees and %ourt %osts that it may reasona1ly in%ur$ ex%e&t as aforesaid" $4. FORCE MA@E7RE# No &arty shall 1e lia1le for any failure to &erform any of its o1li'ation under this A'reement if the &erforman%e is &re!ented or delayed 1y the for%e maIeure E!ent 5defined 1elow9 and in su%h %ase and its o1li'ation shall 1e sus&ended so lon' as the ?or%e MaIeure is %ontinues" Ea%h &arty shall &rom&tly inform the other of the existen%e of a ?or%e MaIeure e!ent and shall %onsult to'ether to find a mutually a%%e&ta1le solution$ 7?BR(E MA0EKRE ENENT7 means any e!ent due to any %aused 1eyond the reasona1le %ontrol of any arty$ in%ludin' fire$ flood$ ex&losions$ a%ts of@ God" (i!il %ommotion$ riots$ war$ a%ts of Go!ernment" $6. A7THORIT TO ENTER INTO AGREEMENT# > The ?ran%hisor is fully em&owered to enter into this A'reement and this A'reement has 1een duly exe%uted and deli!ered 1y the ?ran%hisor" $9. NOTICES No noti%e$ demand" reDuest$ %onsent$ a&&ro!al$ desi'nation$ s&e%ifi%ation or other formal %ommuni%ation 'i!en or made or reDuired to 1e 'i!en or made hereunder shall 1e effe%ti!e unless 'i!en in writin' in the En'lish lan'ua'e and shall 1e effe%ti!e only if deli!ered 1y re'istered mail or any other means whi%h will &ro!ide inde&endent e!iden%e of the date re%ei!ed to the res&e%ti!e &arties at the followin' address> If to ?ran%hisor as follows> Surya Ray Elixirs !t" #td" lot No"-.$ Road No"/$ 0u1ilee Hills$ Hydera1ad - +...44 If to ?ran%hisee> M/s" :::::::::: :::::::::::::::::::::: :::::::::::::::
unless and until a &arty notifies the other &arties in writin' of a %han'e of address &ursuant to this Se%tion" Any noti%e shall 1e deemed to ha!e 1een 'i!en at the date and time it is re%ei!ed$ is refused$ or deli!ery is made im&ossi1le 1y the intended re%i&ient" To 1e effe%ti!e$ any noti%e whi%h is sent 1y mail shall 1e sent 1y re'istered mail$ 5and airmail if to another %ountry9$ &osta'e &re&aid" .:. GO;ERNING "AW AND "ANG7AGE This A'reement shall 1e inter&reted and %onstrued in a%%ordan%e with the laws a&&li%a1le in India" The En'lish !ersion of this A'reement shall 'o!ern and %ontrol in the e!ent of dis%re&an%y 1etween the En'lish and any !ersion in another lan'ua'e .$. DIS!7TE RESO"7TION All dis&utes and differen%es arisin' 1etween the &arties hereto in res&e%t of$ in %onne%tion with or arisin' from this a'reement shall 1e @referred to ar1itration of a sole ar1itrator under the &ro!isions of the Ar1itration and (on%iliation A%t )**, or any statutory modifi%ation or ena%tment thereof for the time 1ein' in for%e" The said ar1itration shall 1e held in Hydera1ad" ... MISCE""ANEO7S HH") The failure of either &arty at any time to enfor%e any of the terms$ &ro!isions or %onditions of this A'reement or to exer%ise any ri'ht hereunder shall not %onstitute a wai!er of the same or affe%t that &arty@s ri'ht thereafter" HH"H If any %lause or &ara'ra&h of this A'reement is held in!alid or otherwise unenfor%ea1le 1y any ar1itration award or any Iud'ment or order of a %ourt of %om&etent Iurisdi%tion$ su%h findin' shall not in!alidate the remainder of the %lauses or &ara'ra&hs of this A'reement$ and su%h remainder shall remain I for%e and effe%t as if the A'reement had 1een exe%uted with the in!alid %lauses or &ara'ra&hs eliminated$ unless in the reasona1le o&inion of ?ran%hisor or ?ran%hisee the effe%t of su%h award$ Iud'ment$ or order frustrates the &ur&ose of this A'reement" @ HH"4 No !ariation$ modifi%ation or alteration of any of the terms of this A'reement shall 1e of any effe%t unless e!iden%ed in writin' si'ned 1y or on 1ehalf of ea%h of the &arties hereto" HH"- This A'reement %onstitutes the entire a'reement of the &arties and su&ersedes all &rior ne'otiations$ %ommitments$ re&resentations and underta6in's of the &arties with res&e%t to the su1Ie%t matter hereof HH"+ The headin's of the %lauses are inserted for %on!enien%e only and in no way affe%t the %onstru%tion of this A'reement or limit the s%o&e Rof any of the terms$ %onditions or &ro!isions of this A'reement" HH", The remedies 'ranted herein to the ?ran%hisor are %umulati!e and are not intended to 1e ex%lusi!e of any other remedies whi%h it may lawfully 1e entitled to in %ase of any 1rea%h or threatened 1rea%h of the terms and &ro!ision hereof" HH"/ All ri'hts under this A'reement shall 1e 1indin' on and inure to the 1enefit of the 1enefit of the su%%essors and &ermitted assi'ns of ?ran%hisee$ ?ran%hisor$ and ?ran%hisor" HH"J Neither &arty shall 1e lia1le for failure to &erform its o1li'ations under this A'reement if failure is due to %ir%umstan%es 1eyond its reasona1le %ontrol" HH"* ?ran%hisee shall %om&ly with all a&&li%a1le laws and re'ulations$ and shall timely o1tain$ and shall maintain in full for%e and effe%t at all times durin' the term of this A'reement$ at its sole %ost and ex&ense$ any and all a&&ro!als$ &ermits$ %ertifi%ates$ and li%enses ne%essary for the full and &ro&er &erforman%e of this A'reement" HH"). ?ran%hisee shall notify 1oth ?ran%hisor in writin' within fi!e 5+9 days of its 6nowled'e of the %ommen%ement of any a%tion$ suit$ or &ro%eedin'$ and of the Issuan%e of any order$ writ$ inIun%tion$ aware$ or de%ree of any %ourt$ a'en%y$ or other 'o!ernmental instrumentality$ whi%h may ad!ersely affe%t the o&eration or finan%ial %ondition of ?ran%hisee" HH")) ?ran%hisee a%6nowled'es that it has %ondu%ted an inde&endent in!esti'ation of the 1usiness fran%hised hereunderG and re%o'niCes that the 1usiness !enture %ontem&lated 1y this A'reement in!ol!es 1usiness ris6s and that its su%%ess will 1e lar'ely de&endent u&on the a1ility of ?ran%hisee as an inde&endent 1usinessman" ?ran%hisor ex&ressly dis%laims the ma6in' of$ and ?ran%hisee a%6nowled'es that it has not re%ei!ed from ?ran%hisor or ?ran%hisor or their a'ents and re&resentation$ indu%ement$ warranty or 'uarantee$ ex&ress or im&lied$ as to the &otential !olume &rofits$ or su%%ess of the 1usiness !enture %ontem&lated 1y this A'reement" HH")H That the &arties here1y %onfirm and de%lare that this A'reement has 1een entered into and exe%uted 1y the &arties here to of their own a%%ord and free will" This a'reement is 1indin' u&on the &arties hereto and their res&e%ti!e su%%essors in interest and &ermitted assi'ns and will not 1e modified ex%e&t 1y written a'reement 1y 1oth rin%i&al and the Mana'ers / (ondu%tors" HH")4 This a'reement is exe%uted in du&li%ate %o&ies$ ea%h of whi%h will 1e deemed to 1e the ori'inal" Franchisor Si'nature> ?or Surya Ray Elixirs !t" #td" Franchisee Si'nature> ?or ::::::::::::: Witness# )" H"
The One Time Passcode (OTP) Is An Authentication Method For Mobile Devices (Smart Phones and Tablets) - OTP Should Be Used When A Corporate Laptop Is Not