Common use of Approval of Assignment Clause in Contracts

Approval of Assignment. If Franchisee and its owners are in full compliance with this Agreement, Franchisor shall not unreasonably withhold its approval of either an assignment or the sale of assets of the Xxxxx, provided that the proposed assignee, buyer, or other transferee (the “Transferee”) is of good moral character and has sufficient business experience, aptitude, and financial resources to own and operate the Xxxxx and otherwise meets Franchisor’s then-applicable standards for franchisees.