Sale and Transfer of Franchised Business Agreement
(Assignment, Assumption, and Consent Terms)

Summary

This template is a sale and transfer of franchise business agreement. It is used when a franchisee wishes to sell, assign, and transfer all the assets of a franchised business to a buyer, and where the franchise agreement requires the franchisor’s consent to the same. This template includes practical guidance and drafting notes. The terms in this document are patterned after the existing franchise agreement. However, the parties may negotiate variations and/or waivers to existing terms in the franchise agreement and may also include additional negotiated terms. For additional guidance, see Franchisees and Prospective Franchisees Considerations, Franchise Relationships, Franchising: An Updated Look at the Basics, and Franchising under State Franchise Laws.