management, policies or personnel of an entity on any issue and shall prevent any other person, group, combination, or entity from blocking voting control on any issue or exercising any veto power. If a limited partnership, a general partnership interest or such percentage of limited partnership interests as shall permit the replacement or removal of any general partner. Without limiting the generality of the foregoing, ownership of forty percent (40%) or more of the equity or voting securities of a corporation or ownership of any general partnership interest in a partnership or joint venture shall be deemed conclusively to constitute a Controlling Interest in the corporation, partnership, or joint venture, as the case may be. "Area Developer's Agreement" - Agreement pursuant to which an area developer is granted the right to develop one (1) or more Pretzel Time Units in a geographic area in which the Unit is located. "Franchisee" - The party to whom the Franchise is granted by the Franchisor, Pretzel Time, Inc. The term is applicable to one or more persons, a corporation or a partnership, as the case may be. If two or more persons are at any time the Franchisee hereunder, their obligations and liabilities to Pretzel Time shall be joint and several. References to Franchisee and assignee which are applicable to an individual or individuals shall mean the Owner (defined below) or Principal Owners (defined below) of the equity or operating control of the Franchisee or the assignee, if the Franchisee or the assignee is a corporation or partnership. "Net Revenues" - For purposes of this Agreement, the term "Net Revenues" includes all gross sums, monies and other consideration received by Franchisee of every kind and nature from sales and services made in, upon, or from any and all retail Units operated by Franchisee