LICENSE AGREEMENT

	THIS AGREEMENT is made and entered into this the _____ day of _________, by and between _________________________ (hereinafter "Licensor") and _________________________ (hereinafter "Licensee").

	WHEREAS, Licensor is the owner of that certain _________________________ in _________________________; and

	WHEREAS, Licensor currently desires to grant to Licensee, and Licensee desires to obtain and accept, a non-exclusive license of the said _________________________ for use in _________________________;

	NOW, THEREFORE, in consideration of the mutual promises and undertakings of the parties hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

	1.	Licensor hereby warrants that it is the owner of the entire right, title, and interest in and to the _________________________ and that it has the right to grant the license hereby granted.

	2.	Licensor hereby grants to Licensee a limited, non-exclusive, non-transferable personal license to use the _________________________ in _________________________ upon the terms and conditions herein contained.  

	3.	Licensee agrees to pay to Licensor a license fee of _________________________ simultaneously with the execution of this Agreement and an annual license fee in the amount of _________________________ each year hereafter during the term of this License Agreement.

	4.	This Agreement shall have an initial term of one (1) year and shall be automatically renewed, at the option of the Licensee, for successive one (1) year periods unless or until Licensee shall give Licensor thirty (30) days notice before the end of any such one (1) year period of its intention not to renew.  Provided, however, that if Licensee shall breach or default under this Agreement, Licensor may terminate this Agreement at its sole option by giving fifteen (15) days written notice to Licensee.  Provided, further, that this Agreement shall terminate automatically upon the happening of any of the following:

		a.	If the Licensee shall become bankrupt or insolvent or if the business of the Licensee shall be placed in the hands of a receiver, assignee, or trustee, whether by the voluntary act of the Licensee or otherwise;

		b.	If the Licensee shall cease doing business as a going concern at the aforementioned location or shall sell or otherwise transfer the restaurant at said location or its interest therein or if it shall sell or otherwise transfer all or substantially all of the assets of said restaurant.

	5.	Licensee covenants that it will indemnify and hold harmless Licensor from all fines, suits, proceedings, claims, demands or other actions of any character or nature, arising or growing out of or otherwise connected with Licensee's use of the aforementioned _________________________.  If the License granted herein covers a trademark or trade name which Licensee will be using in connection with the operation of any of its businesses, Licensee shall, prior to commencement of its use of the said trademark or trade name, and thereafter at all times during the entire term of this Agreement, at Licensee's own expense and naming Licensor as an additional insured or loss payee, maintain in full force and effect the following insurance:

		(a)	Comprehensive Public Liability for the premises in connection with which the trademark or trade name is used with limits of not less than $250,000.00 per person and $500,000.00 per loss which shall cover the entire premises including the improvements, parking lot, all signs, poles, and mountings and shall include products liability insurance to be obtained by Licensee at least within ten (10) days prior to the opening of the restaurant.

		(b)	Workmen's Compensation Insurance in the minimum amount required by local law where the premises to be operated by Licensee pursuant to this Agreement shall be situated.

		Licensee shall submit to Licensor either copies of the policies of any insurance required under the terms of this Agreement or certificates for the same with endorsements for the benefit of Licensor showing full compliance with the insurance requirements of this Agreement.  Should Licensee fail to fully comply with any of the insurance requirements as required under the terms of this Agreement, Licensor shall have the right to obtain such insurance and maintain the same in full force and effect and Licensee shall, upon demand, pay to Licensor the premium costs thereof.

	6.	The parties agree that any disputes arising under this Agreement shall be resolved at the election of either party by binding arbitration conducted according to the rules of the American Arbitration Association.  A demand for arbitration pursuant to this Paragraph, for any dispute arising hereunder, may not be made after the date when such dispute would be barred by the applicable statutes of limitations.

	IN WITNESS WHEREOF, the parties hereto have set their hands and seals the date and place first above written.

_______________________________(SEAL)
_______________________________, Licensor

_______________________________(SEAL)
_______________________________, Licensor