franchisor Jamal Adams Jets Jersey

Posted by bears123 on October 15th, 2019

In the world of franchising often be franchise outlet or franchisee will wish to sell their rights under the franchise agreement to another party. Since this is a common occurrence amongst franchisees it makes sense to have a clearly defined franchise agreement Chuma Edoga Jets Jersey , which addresses potential or problematic transfers. A franchisor may wish to have a clause in the franchise agreement, which actually prohibits certain types of franchise transfers. And there might be a number of reasons for this. Below is a clause that I put into our franchise agreements all prohibited transfers;

5.2.6 Prohibited Transfers

For purposes of this Section 5.2, without limiting the generality of the foregoing, Franchisor's withholding of consent will be considered reasonable if the proposed sale, assignment Quinnen Williams Jets Jersey , transfer or conveyance is to an individual, company, or business entity that Franchisor deems in Franchisor's sole opinion to be a competitor of Franchisors or a competitor of any affiliate of Franchisors or a competitor of any sister or co-brand company of Franchisors or a competitor of a vendor of Franchisors, another franchisor, another sub-franchisor Jamal Adams Jets Jersey , master franchise of another system or a Franchisee of another system which has an affiliate company that is a competitor of Franchisors. Any purported assignment without the prior written consent of Franchisor will be null and void and will constitute a material default under this Agreement.