The Coven

Franchise agreement

The accounting and record keeping system will include accounting and reporting software that we periodically direct.

Item 11

We may independently access financial information and customer data produced by or otherwise located on your The Coven Digital Community or the Designated Software (collectively the “Customer Data”).

Franchise agreement

(5) an annual profit and loss statement and source and use of funds statement for the Community for the year and a balance sheet for the Community as of the end of the year, reviewed by an independent certified public accountant; and (6) at our request, all tax returns relating to the Community and each of its…

Item 8

One or more of our officers have an interest in us and our affiliates, and we and our affiliates may be a supplier of certain products and services, including the design package.

Item 8

During our last fiscal year, we received $67,138 as a result of franchisee purchases of products and services, which was 23% of our total revenue of $294,797 according to our audited financial statements.

Item 8

We (directly or through an affiliate) may derive revenue directly or in the form of rebates or other payments from suppliers, based directly or indirectly on sales of products, advertising materials and other items to franchisees, and from other service providers.

Item 8

If you propose to use any product, material, fixture, equipment, sign or other item that we have not approved, or purchase any items from any supplier that we have not approved, you must first notify us in writing and must provide us with sufficient information, specifications, samples photographs, drawings or other…

Franchise agreement

You acknowledge that we have the sole right to and interest in all telephone numbers and directory listings associated with the Marks, and you authorize us, and appoint us as your attorney-in-fact, to direct the telephone company and all listing agencies to transfer such numbers and listings to us;

Item 11

You must maintain a secure technology infrastructure that meets our then-current requirements.

Franchise agreement

To determine whether you are complying with this Agreement, we may, at any time during business hours and upon twenty-four (24) hours prior notice to you, 18 The Coven FA (4/26) inspect the Community and observe the provision of the Services.

Franchise agreement

We may supplement, modify or remove information to or from the Operations Manual to reflect changes in the System, the authorized Services and Products, and specifications, standards and operating procedures of a The Coven® business.

Item 11

You must complete and submit to us a complete site report (containing information that we may require) for the proposed Community site.

Franchise agreement

(2) conduct any business or offer to sell or advertise any Products or similar products or services on the Internet (or any other existing or future form of electronic communication) including e-mail marketing or other digital marketing;

Franchise agreement

During the period beginning at least thirty (30) days before the opening of your Community and ending sixty (60) days following such opening, you will spend a minimum of Ten Thousand Dollars ($10,000) on a Community opening and pre-sale marketing campaign (the “Community Opening and Pre-Sale Campaign”) that we have…

Item 11

beginning the first full calendar quarter following completion of the Community Opening and Pre-Sale Campaign, each calendar quarter you will spend at least 1.5% of the previous month’s Gross Sales on “approved” Community marketing and promotional activities in your local geographic area (“Local Marketing Spend”).

Franchise agreement

You must, at your expense, participate in, and honor all provisions of any gift card and/or loyalty program that we have established or may establish and as we may modify, as further described in the Operations Manual.

Franchise agreement

Specifically, we periodically will designate certain equipment, fixtures and furnishings that you must purchase from us or our designated supplier(s) for use in your Community.

Item 8

The Approved Suppliers List may specify the specific manufacturer of a specific product or piece of equipment, in which case you can purchase those products only from a source identified on the Approved Suppliers List.

Franchise agreement

We will require you to sign electronic transfer of funds authorizations and other documents as we periodically designate to authorize your bank to transfer, either electronically or through some other method of payment we designate, directly to our account and to charge your account for all Royalty Fees, Marketing…

Franchise agreement

You must, at your expense, participate in, and honor all provisions of any gift card and/or loyalty program that we have established or may establish and as we may modify, as further described in the Operations Manual.

Item 15

However, one of your Principal Owners, and a person you designate (“General Manager”), must successfully complete our mandatory initial training program for franchisees.

Franchise agreement

Each of your employees will wear only those uniforms which we have approved in writing;

Item 11

We may independently access financial information and customer data produced by or otherwise located on your The Coven Digital Community or the Designated Software (collectively the “Customer Data”).

Item 11

We may require that your key owners and General Manager attend all supplemental and refresher training programs that we designate for up to 5 days each calendar year.

Franchise agreement

We may periodically hold or sponsor, and you must attend, franchise conventions and meetings relating to new Services or Products, new operational procedures or programs, recognition of successful franchisees, training, business management, sales and sales promotion or similar topics.