USA franchisees, assign your rights and obligations under a franchise agreement with this
Franchise Assignment Agreement.
- The franchisor gives its written consent to the assignment, but this consent does not constitute a waiver of the necessity of written consent for any subsequent assignment.
- The assignors and assignees jointly and severally agree to pay any outstanding amounts owing by the assignors to the franchisor.
- If the assignor owns a majority of the shares of the assignee company, no transfer fee will be payable.
- The file includes a Transfer of Shares, Confidentiality and Non-Competition Undertaking to be signed by the principals of the assignee.
This
USA Franchise Assignment Agreement template is available in MS Word format, and is fully editable to fit your specific circumstances.
