Country Waffles

Item 11

We have the right to specify the accounting software and a common chart of accounts, and, if we do so, you agree to use that software and chart of accounts (and require your bookkeeper and accountant to do so) in preparing and submitting your financial statements to us.

Item 11

We will have the independent right at any time to retrieve and use this data and information from your Computer System in any manner we deem necessary or desirable.

Item 11

In addition, each Period during the term of this Agreement after the opening of the Franchised Business, you agree to submit to us, in a format acceptable to us (or, at our election, in a form that we have specified): (a) a fiscal period and fiscal year-to-date profit and loss statement and a periodic balance sheet…

Item 11

We (and possibly one of our affiliates) are the only designated supplier for certain items that you must buy for the operation of your Franchised Business.

Item 11

We may change the approved product offerings and any related merchandising and promotional materials at any time.

Item 11

During the fiscal year ended December 31, 2023, neither we nor any of our affiliates derived revenue from the sale of products to our franchisees and licensees.

Item 11

We have the right to collect and retain all manufacturing allowances, marketing allowances, rebates, credits, monies, payments or benefits (collectively, “Allowances”) offered by suppliers to you or to us (or our affiliates) based upon franchisee purchases of Products, equipment, and other goods and services.

Item 11

We estimate that the cost of your purchases and leases from sources that we designate or approve, as well as purchases in accordance with our standards and specifications, will be approximately 80% of the total cost of establishing a Franchised Business and approximately 80% of the cost of continued operation of the…

Item 11

Either you or the proposed new supplier must pay us a charge (which will not exceed the reasonable cost of the inspection and the actual cost of the tests).

Item 11

If you want to buy any supplies, or any other items from an unapproved supplier, you first must submit to us a written request asking for our approval to do so.

Item 11

We may designate, and own, the telephone numbers for your Franchised Business.

Item 11

You agree to comply with the then-current Payment Card Industry Data Security Standards as those standards may be revised and modified by the PCI Security Standards Council, LLC

Item 11

You agree to participate in such programs as we require, and promptly pay the then-current charges of the evaluation service.

Item 11

you also grant to us and our agents the right to enter upon the Franchised Business premises at any reasonable time for the purpose of conducting inspections

Franchise agreement

We have the right to revise the contents of the Brand Manual whenever we deem it appropriate to do so, and you agree to make corresponding revisions to your copy of the Brand Manual and to comply with each new or changed standard.

Item 11

you will then find a site which will become the Accepted Location after we have given you our written approval for that site and you have obtained the right to occupy the premises, by lease, sublease, or acquisition of the property, all subject to our prior written approval and in accordance with the Site Selection…

Item 11

Unless we have otherwise approved in writing, you agree to neither establish nor permit any other party to establish a Digital Site relating in any manner whatsoever to the Franchised Business or referring to the Proprietary Marks.

Item 11

You must spend at least $25,000 for grand opening marketing and promotional programs in conjunction with the Restaurant’s initial grand opening, pursuant to a grand opening marketing plan that you develop and that we approve in writing (the “Grand Opening Marketing Program”).

Item 11

Currently, this requirement is set at a minimum of 1.5% of your Adjusted Gross Sales.

Item 11

You agree to offer for sale, and to honor for purchases by customers, all gift cards and other incentive or convenience programs that we may periodically institute (including loyalty programs that we or a third party vendor operate, as well as mobile payment and/or customer affinity applications);

Item 11

If a Regional Fund for the geographic area in which the Franchised Business is located is later established, then you would have to join that Regional Fund within 30 days after that Regional Fund is established.

Item 11

We (and possibly one of our affiliates) are the only designated supplier for certain items that you must buy for the operation of your Franchised Business.

Item 11

You may not buy items from any supplier that we do not approve in writing, and you must stop buying items from any supplier that we may have approved but later disapprove.

Item 11

You must establish merchant accounts and internet-based credit card and gift card authorization accounts that we designate for use with online card authorizations.

Item 11

All payments required by Section 4.2 above and Section 13 below must be made by ACH (as specified below) by the 15th day of each Period (the “Due Date”), based on the Adjusted Gross Sales of the previous Period.

Item 11

You agree to offer for sale, and to honor for purchases by customers, all gift cards and other incentive or convenience programs that we may periodically institute

Item 11

You agree to at all times maintain a continuous high-speed Ethernet-cabled (not wireless) connection to the Internet to send and receive POS data to us.

Item 11

We may require that you and your Operating Owner, General Manager and Additional Trained Personnel attend such refresher courses, seminars, and other training programs as we may reasonably require periodically.

Item 11

You agree to attend the conventions and meetings that we may periodically require and to pay a reasonable fee (if we charge a fee) for each person who is required to attend