An Assignment of Franchise Agreement becomes necessary when a franchisee wishes to sell or transfer their franchise business to another party. This document is crucial in the United States franchise industry as it ensures a proper legal transfer of rights and obligations while maintaining the franchisor's standards and protecting all parties' interests. The agreement typically includes detailed provisions about the transfer of intellectual property rights, operational requirements, financial obligations, and any specific conditions set by the franchisor. It must comply with both federal franchise regulations and state-specific franchise laws, which vary by jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies the assignor (current franchisee), assignee (new franchisee), and franchisor
2. Background: Details of original franchise agreement, its date, and reason for assignment
3. Definitions: Key terms used throughout the agreement including 'Original Franchise Agreement', 'Assignment Date', 'Transfer Fee'
4. Assignment and Assumption: Core provisions detailing the transfer of rights and obligations from assignor to assignee
5. Consent of Franchisor: Franchisor's formal approval of the assignment and any conditions attached
6. Consideration: Details of payment or other consideration for the assignment
7. Representations and Warranties: Statements of fact and assurances from all parties regarding their capacity and authority
8. Release: Release of assignor from future obligations under the franchise agreement
9. Governing Law: Specification of jurisdiction and applicable laws governing the assignment
1. Training Requirements: Specific training obligations for the assignee, used when franchisor requires new franchisee training
2. Transfer of Assets: Details of physical assets being transferred, included when physical location or equipment is part of assignment
3. Employee Matters: Provisions regarding existing employees, used when staff are being transferred as part of the assignment
4. Non-Competition: Restrictions on assignor's future business activities, included when required by franchisor
5. Transition Services: Details of any temporary support provided by assignor to assignee, included when needed for business continuity
1. Schedule A - Original Franchise Agreement: Copy of the franchise agreement being assigned
2. Schedule B - Asset Schedule: Detailed list of physical assets being transferred as part of the assignment
3. Schedule C - Financial Statements: Relevant financial information of assignee demonstrating capability to operate franchise
4. Schedule D - Consent Documents: Required third-party consents and approvals for the assignment
5. Schedule E - Transfer Fee Schedule: Details of any fees payable to franchisor for the assignment
6. Schedule F - Compliance Certificate: Confirmation of assignee's compliance with franchisor's requirements
Relevant legal definitions
Clauses
Assignment and Assumption
Consent and Acknowledgment
Consideration
Representations and Warranties
Conditions Precedent
Transfer of Rights
Liabilities and Obligations
Training Requirements
Intellectual Property
Confidentiality
Non-Competition
Compliance with Franchise Agreement
Transfer Fees
Indemnification
Release of Prior Obligations
Franchisor's Rights
Territory Rights
Governing Law
Dispute Resolution
Further Assurances
Notices
Assignment Conditions
Severability
Entire Agreement
Amendment and Modification
Survival
Force Majeure
Third Party Rights
Costs and Expenses
Counterparts
Consent and Acknowledgment
Consideration
Representations and Warranties
Conditions Precedent
Transfer of Rights
Liabilities and Obligations
Training Requirements
Intellectual Property
Confidentiality
Non-Competition
Compliance with Franchise Agreement
Transfer Fees
Indemnification
Release of Prior Obligations
Franchisor's Rights
Territory Rights
Governing Law
Dispute Resolution
Further Assurances
Notices
Assignment Conditions
Severability
Entire Agreement
Amendment and Modification
Survival
Force Majeure
Third Party Rights
Costs and Expenses
Counterparts
Relevant Industries
Food and Beverage
Retail
Hospitality
Automotive
Personal Services
Relevant Teams
Legal
Operations
Finance
Business Development
Compliance
Relevant Roles
Franchise Development Director
Franchise Operations Manager
Business Development Manager
Legal Counsel
Franchise Compliance Officer
Find the exact document you need
Assignment Of Real Estate Contract And Sale Agreement
A U.S. legal document that transfers rights and obligations under a real estate contract from one party to another.
find out more
Agreement To Assignment
A U.S. legal document formalizing the transfer of rights, obligations, or property from one party to another, governed by state and federal laws.
find out more
Assignable Purchase Contract
A U.S.-governed contract establishing purchase terms with the right to assign the contract to third parties.
find out more
Assignment Of Real Estate Purchase Contract
A U.S. legal document that transfers a buyer's rights and obligations in a real estate purchase contract to another party.
find out more
Assignment Of Lease From Seller To Buyer Form
A U.S. legal document that transfers lease rights and obligations from an existing tenant to a new tenant.
find out more
Assignment Of Property Contract
A U.S. legal document that transfers property ownership rights from one party to another, subject to federal and state property laws.
find out more
Assignment Of Contract Of Purchase And Sale
A U.S. legal document that transfers a buyer's rights and obligations under a purchase and sale agreement to another party.
find out more
Wholesaling Real Estate Contracts
A U.S.-governed contract template for real estate wholesaling transactions, enabling property purchase with assignment rights to end buyers while ensuring legal compliance.
find out more
Assignment Of Purchaser's Interest In Land Contract
A U.S. legal document that transfers a purchaser's rights and obligations under a land contract to a new buyer.
find out more
Assignment Assumption Agreement
A U.S. legal document that transfers contractual rights and obligations from one party to another, ensuring proper assumption of responsibilities and benefits.
find out more
Assignment Of Lease By Tenant
A U.S. legal document that transfers a tenant's lease rights and obligations to a new tenant, subject to landlord approval.
find out more
Addendum Assignment Contract
A U.S.-governed legal document that transfers contractual rights and obligations from one party to another.
find out more
Assignment Of Judgment Agreement
A U.S. legal document that transfers ownership rights of a court judgment from one party to another.
find out more
Assignment Of Construction Contract To Lender
A U.S. legal document transferring construction contract rights from a contractor to a lender as security for financing.
find out more
Assignment Of Leases And Rents
A U.S. security instrument that assigns property leases and rental income as loan collateral.
find out more
Assignment And Assumption Of Lease
A U.S. legal document that transfers a tenant's lease rights and obligations to a new tenant, subject to landlord approval and state property laws.
find out more
Assignment Fee Agreement
A U.S. legal document establishing terms for the transfer of rights from one party to another in exchange for a fee, governed by state contract laws.
find out more
Assignable Lease
A U.S.-governed lease agreement that permits the transfer of tenant rights and obligations to another party, subject to specified conditions.
find out more
Assignment And Amendment Agreement
A U.S. legal document that facilitates the transfer of contractual rights and obligations while simultaneously modifying terms of the original agreement.
find out more
Assignment And Assumption Of Contract
A U.S. legal document that transfers contractual rights and obligations from one party to another, subject to state contract laws.
find out more
Assignment And Assumption Agreement Asset Purchase
A U.S. legal document that transfers rights and obligations related to assets from one party to another, including terms of transfer and assumption of liabilities.
find out more
Assignment Of Lease To New Owner
A U.S. legal document that transfers existing lease rights and obligations from a current property owner to a new owner.
find out more
Assignment Of Lease By Lessor
A U.S. legal document transferring a lessor's rights and obligations under an existing lease to a new lessor while maintaining original lease terms.
find out more
Assignment Of Contract Of Sale
A U.S. legal document that transfers rights and obligations under a sales contract from one party to another.
find out more
Assignment Of Asset Purchase Agreement
A U.S. legal document that transfers rights and obligations under an existing Asset Purchase Agreement from one party to another.
find out more
Assignable Option Agreement
A U.S. legal agreement granting transferable rights to execute a future transaction or acquire assets within a specified timeframe.
find out more
Assignment Of Lease Contract
A U.S. legal document transferring lease rights and obligations from one party to another, subject to state and federal property laws.
find out more
Assignment Of Intellectual Property Rights Agreement
A U.S.-governed agreement that transfers ownership of intellectual property rights from one party to another.
find out more
Assignment Of Equipment Lease
A U.S. legal document that transfers rights and obligations under an existing equipment lease from one party to another.
find out more
Assignment Of Agreement Addendum
A U.S. legal document that transfers rights or obligations under an existing agreement from one party to another.
find out more
Assignment Of Purchase Order
A U.S. legal document that transfers rights and obligations under an existing purchase order from one party to another, governed by state law and the UCC.
find out more
Assignment Assumption And Amendment Agreement
A U.S.-governed agreement that facilitates the transfer of contractual rights and obligations while modifying the original agreement's terms.
find out more
Agreement To Assign Contract For Sale And Purchase
A U.S. legal agreement that transfers rights and obligations under an existing sales contract from one party to another.
find out more
Assignment Of Liabilities Agreement
A U.S. legal document that transfers specified financial obligations or debts from one party to another, governed by federal and state contract laws.
find out more
Assignment Of Lease By Landlord
A U.S. legal document that transfers a landlord's rights and obligations under an existing lease to a new landlord.
find out more
Assignment Of Option Agreement
A U.S. legal document that transfers rights and obligations under an existing option agreement from one party to another.
find out more
Assignment Of Purchase And Sale Agreement
A U.S. legal document that transfers a buyer's rights and obligations under a purchase and sale agreement to another party.
find out more
Assignment Of Patent Rights Agreement
A US-law governed agreement that transfers ownership rights in patents from one party to another, complying with USPTO requirements.
find out more
Assignment Of Franchise Agreement
A U.S. legal document that transfers franchise rights and obligations from one franchisee to another, subject to federal and state franchise regulations.
find out more
Assignment Of Receivables Agreement
A U.S.-governed agreement that transfers accounts receivable from one party to another, typically used in business financing transactions.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)