DIY Legal Forms

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Assignment & Transfer Restrictions

The franchiser, ______, and the franchisee, ________, as set forth in their franchise agreement on ________ and as witnessed by ___________, have agreed to the following additional terms and conditions:

In order for the franchisee to reassign or transfer rights to another, ___________(he or she) 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:

Any advertisements use to announce the sale must follow the following guidelines:

After being deemed approved as the assignee by the franchiser the assignee must agree to execute the following:

Date: ________.

____________________________

Franchiser

____________________________

Franchisee

____________________________

Witness

____________________________

Witness

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)