Assignment of Franchise Agreement

This Assignment of Franchise Agreement is between a franchisee of a business and a buyer who wishes to purchase that business. This Assignment will effectively assign an existing Franchise Agreement to the new owner. The Franchisor of the business must agree to the assignment and it is imperative that this arrangement be memorialized in writing. A well-written Assignment of Franchise Agreement will prove invaluable if there are misunderstandings or disagreements between the parties. (continued ...)