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Franchise Transfer Agreement
"I need a Franchise Transfer Agreement to transfer my coffee shop franchise in Manchester to a new franchisee, including provisions for five employees and kitchen equipment, with completion planned for March 2025."
1. Parties: Identification of the transferor (current franchisee), transferee (new franchisee), and franchisor
2. Background: Context of the transfer, including original franchise agreement details and reason for transfer
3. Definitions: Key terms used throughout the agreement
4. Transfer of Franchise Rights: Core provisions detailing the transfer of franchise rights and obligations
5. Consideration: Details of payment and other consideration for the transfer
6. Completion: Transfer completion mechanics and timing
7. Warranties and Representations: Standard warranties from all parties
8. Liabilities and Indemnities: Allocation of pre and post-transfer liabilities
1. Employee Matters: TUPE provisions for transfer of employees, consultation requirements, and employment contracts
2. Property Provisions: Details of property transfer or assignment, including lease arrangements and premises handover
3. Inventory Transfer: Provisions for stock and equipment transfer, including valuation and handover procedures
4. Training Obligations: Requirements for training new franchisee and knowledge transfer processes
1. Original Franchise Agreement: Copy of the existing franchise agreement being transferred
2. Asset Schedule: Detailed list of assets being transferred including equipment, inventory, and other tangible assets
3. Employee Information: Details of transferring employees, their terms of employment, and TUPE implications
4. Property Documents: Relevant lease or property documentation including assignments and licenses
5. Intellectual Property Rights: Schedule of transferring IP rights, licenses, and usage conditions
6. Outstanding Liabilities: List of any outstanding obligations, debts, or contingent liabilities
7. Required Consents: List of third-party consents needed for transfer completion
Authors
Applicable Laws
Assets
Business
Business Day
Completion
Completion Date
Confidential Information
Consideration
Data Protection Laws
Effective Date
Employees
Encumbrance
Existing Franchise Agreement
Franchise
Franchise Manual
Franchise Rights
Franchise System
Franchised Business
Franchisor
Group
Intellectual Property Rights
Inventory
Liabilities
License
Material Adverse Change
Operations Manual
Parties
Premises
Property
Purchase Price
Records
Relevant Territory
Steps Plan
System
Trade Marks
Transfer
Transferee
Transferor
TUPE
VAT
Warranties
Transfer of Franchise
Consideration
Conditions Precedent
Completion
Assets Transfer
Property Assignment
Employee Transfer
Intellectual Property Rights
Warranties
Indemnities
Liabilities
Confidentiality
Data Protection
Non-Competition
Training and Support
Assignment
Third Party Rights
Notices
Force Majeure
Severability
Entire Agreement
Variation
Waiver
Costs
Governing Law
Jurisdiction
Dispute Resolution
Continuing Obligations
Tax Matters
Insurance
Further Assurance
Announcements
Counterparts
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