USA franchisees, assign your rights and obligations under a franchise agreement with this Franchise Assignment Agreement for franchises located in the United States. This template was drafted for multiple assignors, but can be edited for a single assignor as well. Provisions of the Agreement include:

• 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 is a USA franchise assignment agreement in MS Word format, and is fully editable to fit your specific circumstances.