Within one hundred twenty (120) days of notice of an award or renewal of a franchise, the applicant or franchisee and the Authority shall enter into a franchise agreement which details the rights, duties, responsibilities and liabilities of both parties and which contains an acceptance on the part of the applicant or franchisee to the terms of this Chapter, all Authority guidelines, the franchise agreement and the submitted proposal (including supplemental agreements or written commitments or guarantees), provided; however, that this Chapter shall only be acceptable to franchises or renewals granted after the effective date of this Ordinance. Moreover, a new franchisee may not lay any cable until the franchise agreement is executed by both the new franchisee and the Authority. Failure to execute the agreement by the franchisee or renewal franchisee may be grounds for terminating any rights granted under the award of a franchise.
Every franchise agreement shall comply with the standards established by the FCC which the franchisee must maintain with respect to signal quality requirements and technical standards of construction, operation and maintenance of the system, unless otherwise specifically noted.