USA Franchise Assignment Agreement

USA franchisees, assign your rights and obligations under a franchise agreement to a new franchisee with this Franchise Assignment Agreement.

• The franchisor gives its written consent to the assignment, but this consent does not constitute a waiver of the requirement for written consent in any subsequent assignment.
• The assignor and assignee jointly and severally agree to pay any outstanding amounts owing by the assignor 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 executed by the assignee.