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.
This USA Franchise Assignment Agreement
template is available in MS Word format, and is fully editable to fit your specific circumstances.