Common use of Formula Price Clause in Contracts

Formula Price. The parties agree that the formula price described in this Section 19 is the agreed upon method of arriving at a price for the assets of the Store in the event we exercise the option contained in this Section 19 and is not to be deemed a conclusive indication of the value of the Store under other circumstances or where an agreement to purchase the Store has been negotiated by you or your owners.

Appears in 3 contracts

Sources: Franchise Agreement, Franchise Agreement, Franchise Agreement

Formula Price. The parties agree that the formula price described in this Section 19 19.2 is the agreed upon method of arriving at a price for the assets of the Store in the event we or our Designee exercise the option contained in this Section 19 and is not to be deemed a conclusive indication of the value of the Store under other circumstances or where an agreement to purchase the Store has been negotiated by you or your ownerscircumstances.

Appears in 1 contract

Sources: Franchise Agreement (International Fast Food Corp)