Selling a franchised business is different to selling your own established business. You must ensure that the sale is in accordance with the franchise agreement and follow the franchisor’s sale procedures.
Tang Law can assist you in this regard, and provide you with the following services:
- • Seeking approval from the franchisor for the sale of the franchise business
• Drafting and/or negotiating the sale agreement
• Drafting and/or negotiating the new lease agreement or the assignment of lease
• Preparing and completing the franchise sale settlement