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Assignment And Transfer Restrictions
ASSIGNMENT AND TRANSFER RESTRICTIONS
The franchiser, [Name of the franchiser], and the franchisee, [Name of the franchisee], as set forth in their franchise agreement on [Date of the agreement] and as witnessed by [Name of the witness], have agreed to the following additional terms and conditions:
In order for the franchisee to reassign or transfer rights to another, the franchisee must have the written express consent of the franchiser. Franchisee must meet the following criteria before such assignment will be considered.
Franchisee must have completed the following obligations to the franchiser: [Obligations completed to the franchiser]
Any advertisements use to announce the sale must follow the following guidelines:
[Advertisement guidelines].
After being deemed approved as the assignee by the franchiser the assignee must agree to execute the following: [Task franchisee is responsible for once approved]
Franchiser Dated
Franchisee Dated
Witness Dated
Witness Dated