Document background
The Assignment Of Franchise Agreement is utilized when a franchisee wishes to transfer their franchise business to another party in Singapore. This document is essential for maintaining the continuity of the franchise operation while ensuring proper transfer of all rights, obligations, and responsibilities. It requires careful consideration of Singapore's business laws, intellectual property rights, and regulatory requirements. The agreement typically includes provisions for the transfer of assets, customer relationships, employee matters, and ongoing operational requirements. It must also secure the franchisor's consent and address any specific conditions or requirements they may impose on the transfer.
