Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / research-memo-fl-franchise-revenue-reporting.docx
research-memo-fl-franchise-revenue-reporting.docx
Parties
Verimark Hospitality Group Inc
Coastal Palms Franchise Holdings LLC
Suncoast Room Management Inc
Ridgeline Forensic Advisory LLC
Hargrove Economic Consulting Inc
Associates CPAs LLP
Gulf Breeze Hospitality LLC
Savannah Lodging Partners LLC
Dates
August 18, 2023
September 29, 2023
August 4, 2023
June 30, 2023
July 21, 2023
March 6, 2022
June 15, 2007
September 3, 2019
November 8, 2021
November 22, 2021
Amounts
$197.8
$150
$6.2
$12.50
$12
$200
$160
$40
$16.095
Obligations
2(c) provides, in relevant part, that "systematic underreporting of Gross Room Revenue shall constitute a material breach that is incapable of cure
" The court emphasized that "[w]here the terms of a written instrument are plain and unambiguous, the intent of the parties must be determined from the instrument itself, without the aid of any evidence extrinsic to the document
The court emphasized that "franchise agreements are carefully negotiated instruments that allocate economic risks and benefits between the franchisor and franchisee," and that "the revenue definition is the cornerstone of the royalty obligation and must be given its full intended scope
That provision states: "systematic underreporting of Gross Room Revenue shall constitute a material breach that is incapable of cure