30.7 Plant And Equipment
if so required by the Company to sell to the
Company such plant and equipment of the Franchisee used in the conduct of the
Business as the Company may require. The Company shall, by notice in writing, advise the Franchisee of its
exercise of this option within 21 days of the date of discontinuation or expiration of this
Agreement and shall propose a purchase price. If the Company and the Franchisee are unable to agree a purchase price
for equipment required by the Company, both parties shall accept as binding the
written down book
value or market value which ever is the lesser to be determined by a valuer
chosen by the Chairperson of the Institute of Chartered Accountants (YOUR
COUNTRY).
30.8 Right Of Entry
permit the Company and its
authorised agents the
right to have access to the premises within which the fixtures, plant and
equipment of the Business are then located so as to enable the Company to both
inspect and, if so required, receive possession of such plant and equipment.
30.9 No Entitlement
you will not be entitled to
receive any refund or rebate of the whole or any part of any money you have
paid to us pursuant to this Agreement.
Franchise Agreement Example Page 71
Franchise Agreement Example
