Spotlight on McDonald’s—Franchise Termination. J.C., Inc., had a franchise agreement with McDonald’s Corp. to operate McDonald’s restaurants in Lancaster, Ohio. The agreement required J.C. to make monthly payments of certain percentages of gross sales to McDonald’s. If any payment was more than thirty days late, McDonald’s had the right to terminate the franchise. The agreement also stated that even if McDonald’s accepted a late payment, that would not "constitute a waiver of any subsequent breach." From time to time, McDonald’s accepted J.C.’s late payments, but when J.C. defaulted on one particular payment, McDonald’s gave notice of thirty days to comply or surrender possession of the restaurants. J.C. missed the deadline. McDonald’s demanded that J.C. vacate the restaurants, but J.C. refused. McDonald’s alleged that J.C. had violated the franchise agreement. J.C. claimed that McDonald’s had breached the implied covenant of good faith and fair dealing. Which party should prevail, and why?