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Death Of Franchisee & Transfer Of Agreement
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:
The rights of this agreement may be transferred, in the case of the franchisees death, to appointed next of kin or those so bequeathed, as long as next of kin or those so bequeathed agree to assume obligatory responsibilities of franchisee in writing with the approval of franchiser.
*** If Required By State Law ***
This Section for Notary:
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.
My commission expires: _____