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Franchise First Right Of Refusal For Reassignment
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:
Franchiser reserves the first right of refusal with a reasonable and realistic offer to acquire any and all rights granted the franchisee in contractual agreement. Franchisee must submit any offer proved franchisee in writing to the franchiser and the franchiser is allowed ____ amount of (days, weeks) to use first right of refusal terms.
*** 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: _____