Franchise Sale Agreement

WHAT’S IT FOR?

If you want to sell your individual franchise business, you’ll need a Franchise Sale Agreement. A Franchise Sale Agreement sets out the purchase amount, list of assets that are included in the sale, and provisions to reflect additional details of the deal that have been negotiated with the purchaser and franchisor. As a seller, it is important to ensure this agreement is drafted correctly, to confirm your rights to payment and ensure you are protected from from liability for issues that may occur with the business after the sale.

WHAT’S INCLUDED?

We’ll draft a Franchise Sale Agreement for your business and advise you on your legal rights and obligations.

This package includes:

• Drafting a Franchise Sale Agreement in accordance with the requirements of your business
• A high level review of your Franchise Agreement regarding provisions for selling your franchise.
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the agreement
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft

Please note that this is a limited-scope package for contract-drafting. This package does not include any other assistance with the business sale process, such as negotiations, settlement or correspondence with the buyer, their lawyers or the franchisor.