Extract to table

Modifications to the FLAs must be made in a writing signed by both parties

6 provides that any amounts not timely paid shall bear interest at the rate of one and one-half percent (1

If an audit reveals that the franchisee has underpaid amounts due under the FLA by more than two percent (2%) of reported GRR, the franchisee is required to bear all costs associated with the audit

1 provides that, upon written notice of a material breach, the franchisee shall have thirty (30) days to cure the breach to the franchisor's reasonable satisfaction

1, systematic underreporting of Gross Room Revenue shall constitute a material breach that is incapable of cure

3 provides that, upon termination of the FLA for cause, the franchisor shall be entitled to liquidated damages equal to three times (3×) the trailing-twelve-month royalties for the affected property