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Assignment Or Transfer Restrictions
ASSIGNMENT OR 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 the event the franchisee decides to announce publicly the sale of any interest set forth in agreement, the franchisee will not use the name of the franchise in any form. This includes any sale of equipment related to the franchisees operation of business.
Franchiser Dated
Franchisee Dated
Witness Dated
Witness Dated