Assignment by Franchisee. Neither the franchise nor the Xxxxx (or any interest) nor substantially all of the assets nor any part or all of Franchisee’s ownership may be voluntarily, involuntarily, directly or indirectly assigned, sold, subdivided, subfranchised or otherwise transferred by Franchisee or its owners without the prior written approval of Franchisor. Any assignment or transfer without written approval constitutes a breach and conveys no rights to or interests in the franchise, the Xxxxx, or the assets.
Appears in 5 contracts
Samples: Franchise Agreement (Studio Ii Brands Inc), Franchise Agreement (Studio Ii Brands Inc), Franchise Agreement (Studio Ii Brands Inc)