Grounds for Immediate Termination. CITY LOOKS will have the absolute right and privilege, where permitted 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 to or no contest to, a charge of violating any law relating to the FRANCHISEE'S City Looks businesses, or any felony; (B) the FRANCHISEE voluntarily or otherwise abandons, as defined herein, the Franchised Area; or (C) the FRANCHISEE is involved in any act or conduct which materially impairs the goodwill associated with CITY LOOKS' Marks or Business System and which the FRANCHISEE fails to correct within twenty-four (24) hours of receipt of written notice from CITY LOOKS.
Appears in 2 contracts
Sources: Development Agreement (Barbers Hairstyling for Men & Women Inc), Development Agreement (Barbers Hairstyling for Men & Women Inc)