Clean light in the Director Designation Agreement

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How to Clean light in the Director Designation Agreement

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[Music] so moving along we mention the contracts that are next to the FDD the most important the most critical document is going to be the franchise agreement as I mentioned this is going to overlap with the FTD but except for the franchise agreement is the binding document this is the contract that both the franchisor in the franchisee sign this is going to lay out all the franchisees obligations this is going to give the franchisor tools to enforce different their obligations and typically its going to set lay out the franchisee doors obligation at least with respect to its obligations related to support and training those obligations are going to be in the franchise ORS discretion so these are typically pretty franchisor friendly documents this is also where you this is a great place to have that conversation with your client about their future plans for growth so you can provide for some flexibility here you want to reserve the right in the franchise agreement for your client to s

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What does designation mean in legal terms?

Designation means distinctive title or a distinguishing name. Designation is used by a testator to specifically distinguish a person without using the name of such person, often as a word of limitation (e.g., to my eldest son).

What is an example of a designation?

something that designates; a distinctive name or title; appellation. nomination, appointment, or election to an office, position, etc.: His designation as treasurer has been confirmed.

What does designation mean on a form?

The main differences between a designation and job title are: Designations refer to the expertise and qualifications a person must complete certain jobs. Job titles describe the level and position someone holds at a company or organization.

What is designation in a document?

A designation is a description, name, or title that is given to someone or something. Designation is the fact of giving that description, name, or title. [formal]

What is a designated director defined in?

Designated Director means a person designated by the Board of Directors to ensure over all compliance with the obligations imposed under The Prevention of Money Laundering Act, 2002 and the Rules framed there under, as amended from time to time, and include the Managing Director or a Whole‐time Director duly authorized

What is a designation agreement?

Designation Agreement means a Designation Agreement between a Lender and a Designated Lender and accepted by the Agent, substantially in the form of Exhibit B or such other form as may be agreed to by such Lender, such Designated Lender and the Agent.

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