ent001424-074

the tfnited States. Itis understood* however,that any franchises ?√ß c-., bf it prior to such to- ?╟≤ uasion* shall nevertheless be unis^aired and shall remain la full fora# *ai effect# 11 ||||||11;?║1III| 13* in the iriitfits that any #t the parties hereto shall breach the provisions of thin agreement# the other ahall have the ".. r,! to terminate the ease upon giving a fifteen (1$) day notice hy registered nail of hie or their intention so to dO| provided, however, that such party to Whew notice is given Shall have the right, within the fifteen (15} day period to sere the said default, in ddet event, such notloe shall he deseed cancelled* j|J?║gj| | j "it*.. ?½iia agrssasnt shall he construed 3j?║. aecord- ami with the laws of the State of Hew York, and it is further agreed that should any dispute arise between the parties as 'to the meaning, interpretation or applisation of any of the pro- visions of this agreeweni, or as to a hreaoh hereof, the shall forthwith he outwitted to the American Arbitration Assoc- iation of lew York City for a decision by an arbitrator, either to be agreed upon by the parties or selected by said Association* fhe decision of said Arbitrator shall be binding upon ire parties, and no suit, action, or legal proceeding of any nature Whan be brought by either party except to enforce the decision of such Arbitrator or be compel his appointment*