Extract to table

6 provides that any amounts not paid when due shall accrue interest at the rate of 1

Importantly, the provision further provides that the franchisee shall bear all costs of the audit if the audit reveals an underpayment exceeding 2% of reported GRR

2(c) provides that: "systematic underreporting of Gross Room Revenue shall constitute a material breach that is incapable of cure

If the Court determines that Suncoast revenues must be included in GRR for royalty purposes, it follows automatically that the same revenues must be included for purposes of the marketing-fund contribution

Under Florida's well-established contract-interpretation principles, when the language of a contract is clear and unambiguous, the court must enforce the contract as written, and there is no occasion for judicial construction

To prevail on a fraudulent-concealment claim under Florida law, Verimark must prove: (a) a duty to disclose a material fact; (b) concealment of that fact; (c) intent to deceive; and (d) justifiable reliance resulting in damages