Venture X

Item 11

the ability to run all Required Software, including any software we designate for bookkeeping and/or accounting purposes.

Item 11

We will also have the right to, at any time without notice, electronically and independently connect with your Computer System to monitor or retrieve data stored on the Computer System as we determine appropriate.

Franchise agreement

for each of Your accounting years supply to VTX financial statements (including a balance sheet and profit and loss statement) for Your full accounting year prepared by Your accountant, which shall be certified by You to VTX as correct.

Item 8

We reserve the right to designate VTX or any of our Affiliates as an Approved Supplier with respect to any item you must purchase in connection with your Franchised Business in the future.

Item 20

VTX has formed a Franchise Advisory Council that consists of franchisees within our system with whom we consult on various aspects of our system.

Item 8

We reserve the right to designate VTX or any of our Affiliates as an Approved Supplier with respect to any item you must purchase in connection with your Franchised Business in the future.

Item 8

We and/or our Affiliates may receive payments or other compensation from Approved Suppliers or any other suppliers on account of these suppliers’ dealings with us, you, or other Franchised Businesses in the System, such as rebates, commissions or other forms of compensation.

Item 8

You must pay our then-current supplier or non-approved product evaluation fee when submitting your request.

Item 8

We may, but are not obligated to, grant your request to: (i) offer any products or services in connection with your Franchised Business that are not Approved Products and Services; or (ii) purchase any item or service we require you to purchase from an Approved Supplier from an alternative supplier.

Franchise agreement

Franchisee hereby irrevocably assigns to VTX or its designee the telephone number or numbers and listings, domain names and email addresses issued to Franchisee with respect to each and all of Franchisee’s Venture X businesses.

Franchise agreement

shall participate, at Franchisee’s own expense, in programs which may be required from time to time by Franchisor for obtaining client evaluations and/or reviewing Franchisee’s compliance with the System, which may include (but are not limited to) a client feedback system and client survey programs.

Item 11

We may conduct, as we deem advisable in our sole discretion, inspections of the premises and audits of the Franchised Business and your operations generally to ensure compliance with our System standards and specifications.

Item 11

The Manuals may be amended or modified by us to reflect changes in the System.

Item 11

You must secure a Premises that we approve within 180 days of executing your Franchise Agreement for that Franchised Business, or we may terminate that Franchise Agreement.

Item 11

Except as approved in advance in writing by us, you must not establish or maintain a separate website, splash page, profile or other presence on the Internet, or otherwise advertise on the Internet or any other public computer network in connection with the Franchised Business, including any profile on Facebook®…

Item 6

You are required to expend an Initial Marketing Spend of between $45,000 to $90,000 to promote and advertise the grand opening of your Franchised Business, which must be expended over the time period and in the manner we designate or approve as part of your initial launch marketing plan.

Item 6

If your private occupancy rate is: • Below 25%, you must spend at least $6,000 per month in direct lead-generation advertising (such as pay-per-click advertising);

Franchise agreement

If a Market Cooperative for the geographic area encompassing the area within which Your Business is located at the time You commence operations hereunder, You shall immediately become a member of such Market Cooperative.

Item 5

Prior to opening your franchised Space, you must acquire an array of designated furniture, fixtures, signage (interior and exterior), wall graphics and décor items, as well as certain office, multimedia and other electronics equipment that (a) is designed to outfit and equip your Space with certain of our…

Item 8

Approved Suppliers We have the right to require you to purchase any products or services necessary to operate your Franchised Business from a supplier that we approve or designate (which we have, at times, referred to as an “Approved Supplier” in this Disclosure Document), which may include us or our affiliate(s).

Item 8

As of the Issue Date, we require that you purchase the following from VTX and/or an Approved Supplier we designate: (i) credit card processing services;

Franchise agreement

Payment of the Royalty Fees, Marketing Fund Contributions, Technology Fees, Software Fees Conference Fee, and Expansion Fee will be through electronic withdrawal from Your bank account and shall be done on the 10th business day of the month following the month to which the fee applies.

Item 16

You must comply with all of our policies regarding advertising and promotion, including the use and acceptance of coupons, gift cards or incentive programs, unless the laws of your Franchised Business specifically provide that you cannot be made to participate in such promotional campaigns that are typically designed…

Item 15

Your franchised Facility must, at all times, be managed by at least one (1) individual who has successfully completed all components of our Initial Training Program.

Franchise agreement

You shall not use the bank account, point of sale or bookkeeping system designated for Your Venture X Business to process transactions, sales, make deposits or pay expenses for another business.

Item 11

We will also have the right to, at any time without notice, electronically and independently connect with your Computer System to monitor or retrieve data stored on the Computer System as we determine appropriate.

Item 11

We may also require that you and your employees attend up to five (5) days of training that is designed to cure a given default or violation of your Franchise Agreement or failure to comply with the operational and other System standards and specifications stated in our Manuals as part of the actions you must…

Item 6

Attendance is mandatory.