MTY Franchising USA

Franchise agreement

Records The Franchisee shall at its cost establish a bookkeeping, accounting and record-keeping system conforming to the requirements prescribed from time to time by the Franchisor (including, without, limitation the use of an approved POS System in accordance with Section 6.8 hereof and retention of cash register…

Franchise agreement

The Franchisor may poll the POS System at any time it elects; to permit such polling, the Franchisee must configure and constitute its POS System so that the Franchisor has complete, continuous, and unfettered access to all information the POS System generates and collects.

Franchise agreement

as soon as practicable, and in any event within sixty (60) days after the end of each of Franchisee’s fiscal years, audited of the Business prepared in accordance with generally accepted accounting principles consistently applied (“GAAP”), as well as generally accepted auditing standards (“GAAS”), and consisting at a…

Item 8

MTY USA and our subsidiaries are approved suppliers of goods and services, including lease review services, leasehold improvements, equipment, furniture, freight services, signage, engineering drawings and architectural layout drawings.

Item 8

All designated or approved suppliers are subject to change at any time.

Item 8

We also receive periodic vendor allowances or other consideration from our designated or approved suppliers.

Item 8

We estimate that your purchases or leases from designated or approved suppliers will represent 80% of the total cost to you of opening your Manchu WOK® Restaurant and 80% of the total purchases and leases for the continuing operation of your Manchu WOK® Restaurant.

Item 6

If you propose a new supplier, and we inspect the supplier or test the supplier’s products, we may charge you or the supplier an amount up to the reasonable cost of inspection and the actual cost of the test.

Item 8

If you want to buy products (other than Proprietary Products) from an unapproved supplier, you must submit to us a written request asking for our approval of the proposed supplier.

Franchise agreement

agrees that upon the expiration or sooner termination of this Agreement all interest in and right to use all telephone numbers and all listings applicable to the Business (other than listings of a personal nature placed by the Franchisee) in use at the time of such expiration or sooner termination shall, upon request…

Franchise agreement

Therefore, as a franchisee who accepts credit cards, you are required to be PCI compliant by following and adhering to PCI DSS, which includes ensuring that your point-of-sale system, back office computer (if supplied), and any other device that is plugged into the network is only used for business purposes.

Item 11

At our request and at your expense, you must participate in our System marketing and Restaurant monitoring programs including Internet-based programs, such as various e-mail programs (such as e-mail list building), messaging, newsletters, customer retention and acquisition programs, social media campaigns and…

Franchise agreement

The Franchisor shall have the right at reasonable times without prior notice to the Franchisee to inspect and audit the business records, bookkeeping and accounting records, cash register tapes, invoices, purchase orders, payroll records, check stubs and bank deposit receipts of the Business

Franchise agreement

Franchisor may periodically revise and change the contents of the Confidential Manual.

Franchise agreement

The location of the Premises must be approved in writing by the Franchisor.

Item 11

You must not operate or advertise, market, or otherwise promote your Manchu WOK® Restaurant on the Internet.

Item 8

You are required to accept all approved debit and credit cards, along with MTY USA or its affiliate’s stored value gift cards, loyalty cards, frequency cards, and any other similar MTY USA or affiliate sponsored electronic card and/or payment program (collectively, the “Gift/Loyalty Card”) from consumers at your Manchu

Franchise agreement

Immediately upon the Franchisor’s request, the Franchisee must become a member of the Cooperative for the DMA in which some or all of the Trade Area is located.

Item 8

Certain products and supplies must be purchased from our approved distributors.

Item 8

You must purchase all the furniture, equipment and fixtures and your opening inventory for your Manchu WOK® Restaurant from suppliers we designate.

Item 8

Additionally, you must utilize our approved third party payment card processor, as identified in the Confidential Manual, for processing all such debit, credit, rewards, and Gift/Loyalty card transactions.

Franchise agreement

You are required to accept debit and credit cards and gift/loyalty cards from consumers at the Business.

Item 15

You must have at least two people who have successfully completed Initial Training operate your Manchu WOK® Restaurant.

Franchise agreement

Franchisee’s employees must comply with such dress code or standards as Franchisor may require, which may include use of branded (or other “uniform”) apparel, and otherwise identify themselves with the Marks at all times in the manner Franchisor specifies (whether in the Confidential Manual or otherwise in writing)…

Item 11

You must purchase and use Vivonet cash register system (“POS System”) inclusive of necessary software.

Item 11

We have the right to poll (i.e., take copies of information from) the POS System at any time we choose and use it for any purpose whatsoever.

Item 11

For Refresher Training, Supplemental Training and any training other than Initial Training, or training required on a transfer, you will pay $3,000 for all persons attending the training.

Item 11

You, your Manager and any other employees we designate must attend and participate in (at your expense) management seminars and training and refresher courses and Manchu WOK® and/or industry conventions, including the Annual Franchisee Convention (or regional meetings in any year in which the Annual Franchisee…