Franchise Service Fee means the amount specified in Item 7 of the First Schedule.

Franchise Package means the items and services detailed in the Fourth Schedule provided by the Company to the Franchisee as part of the Franchise Fee.

Gross Sales Revenue includes all receipts by the Franchisee from sales of any goods, products or services in the Business (whether from sales by way of cash or credit and irrespective of the collection of monies due) including sales tax EXCLUDING any sums in respect of taxes payable upon the sale of goods or services and fees payable for approvals or licences from governmental or semi-governmental regulatory bodies,

Intellectual Property includes all licensed copyrights, designs, trade marks, patents, processes and corporate names, computer software licensed by the Company and the goodwill of any licensed business name, secret processes or Confidential Information licensed by the Company including the Marks and the System.

Interest Rate means the rate specified in Item 9 of the First Schedule.

Licensor means the Licensor described in Background Recital A and any trustee in addition to or in substitution for them.

System Improvement Fee means amount specified in Item 11 of the First Schedule.