Canada Asset Purchase Agreement for Franchise

Sell the assets of a franchise business to a new franchisee with this Asset Purchase Agreement for Canadian franchises.

• The purchaser will purchase the assets of the franchise business, including inventory, parts and any equity the vendor has in the leased equipment.
• The purchaser will assume the responsibilities of a franchisee under the main Franchise Agreement with the franchisor.
• The purchaser is not obligated to assume or perform any obligation of the vendor except for the equipment leases which the purchaser has accepted prior to closing.
• The purchaser will assume the premises lease from the vendor.
• The purchase price for inventory is cost less depreciation, and for parts is actual cost.

Buy the Canada Asset Purchase Agreement for Franchise template, and sell your business.