Popeyes Drops $43 Million to Buy Recipes from its Founder

It's all about intellectual property.

Proving a good fried chicken recipe is anything but priceless, Popeyes has paid $43 million to the family of its founder to secure his recipes. 

Popeye's had been paying Diversified Foods, which is owned by Al Copeland's estate, $3.1 million in annual royalties. However, in a press release, Popeye's CEO Cheryl Bachelder said this move will finally grant the company its "intellectual property":

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To Popeyes this is $43 million well spent. 

[via Eater]

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