Common use of Grounds for Immediate Termination Clause in Contracts

Grounds for Immediate Termination. WCH will have the absolute right and privilege, unless prohibited by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, Directors, officers or majority stockholders is convicted of, or pleads guilty or no contest to, a charge of violating any law relating to the FRANCHISEE'S We Care Hair Business, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the FRANCHISEE'S We Care Hair Business; (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with WCH'S Marks or Business System, and the FRANCHISEE fails to correct such act or conduct within twenty-four (24) hours of receipt of written notice from WCH; or (D) the FRANCHISEE fails or refuses to produce its books and financial records for audit by WCH in accordance with Article 19.4.

Grounds for Immediate Termination. WCH CITY LOOKS will have the absolute right and privilege, unless prohibited by applicable law, to immediately terminate this Agreement if: (A) the FRANCHISEE or any of its partners, Directors, officers or majority stockholders is are convicted of, or pleads guilty or no contest to, to a charge of violating any law relating to the FRANCHISEE'S We Care Hair Businessfranchised business, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the FRANCHISEE'S We Care Hair BusinessCity Looks business; (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with WCH'S CITY LOOKS' Marks or Business System, and the FRANCHISEE fails to correct such act or conduct within twenty-four (24) hours of receipt of written notice from WCHCITY LOOKS; or (D) the FRANCHISEE fails or refuses to produce its books and financial records for audit by WCH CITY LOOKS in accordance with Article 19.4.