FRANCHISE ASSIGNMENT AND 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: _________________________________________________
___________________________ Franchiser ____________________________ Franchisee ____________________________ Witness ____________________________ Witness
_______________ Dated _______________ Dated _______________ Dated _______________ Dated