What actions are required of a Craters & Freighters franchisee upon termination or expiration of the franchise agreement?

Affiliate of Franchisor, or any designee of Franchisor, during the time period in which Franchisee is in default of this Agreement.

20. EFFECTS OF TERMINATION OR EXPIRATION.

• 20.1 Required Actions. In the event of the termination of this Agreement, whether by reason of default, lapse of time, or other cause, Franchisee must immediately complete all of the following:
  • 20.1.1 Payment of Monies Owed. Franchisee must pay to Franchisor, or any Affiliate of Franchisor, as the case may be, all monies owed to Franchisor or such Affiliate(s), respectively, within ten (10) days of the date on which the Agreement was terminated or expired.
  • 20.1.2 Discontinue Use of Marks. Franchisee must discontinue the use of the Marks including, but not limited to, all of Franchisor's trademarks, service marks and trade names. Additionally, Franchisee must cease doing business under any name or in any manner that might provide the general public with the impression that Franchisee is operating a Craters & Freighters Franchised Business. At the option of Franchisor, within a reasonable period after the termination or expiration of this

Agreement, Franchisee must destroy or return to Franchisor any physical copies or electronic versions of items bearing or containing any of the Marks.

• 20.1.3 Discontinue Use of Confidential Information and Trade Secrets. Franchisee must discontinue the use, in any manner, or for any purpose, directly or indirectly, of any of Franchisor's Confidential Information, Trade Secrets, or any other aspect of the System. At the option of Franchisor, Franchisee must destroy or return to Franchisor any physical copies or electronic versions of items containing any Confidential Information, Trade Secrets, or any other aspect of the System.
• 20.1.4 Discontinue Telephone Numbers. Franchisee must discontinue the use of all telephone numbers associated with the Franchised Business and transfer such numbers to Franchisor.
• 20.1.5 Compliance with Post-Term Restrictive Covenants. Franchisee and Franchisee's owner(s) must comply with the post-term restrictive covenants set forth in Section 15.3 of this Agreement.
• 20.2 Franchisor's Option to Purchase Assets. Upon the termination or expiration of this Agreement, Franchisor will have the option, but not the obligation, to purchase any and all of the assets used by Franchisee to operate the Franchised Business at a purchase price equal to market value. In the event Franchisor desires to purchase such assets: (i) Franchisor must notify Franchisee in writing within thirty (30) days after the date on which the Agreement is terminated or expires;

Source: Item 22 — CONTRACTS (FDD pages 49–50)