Common use of DEATH OR DISABILITY OF FRANCHISEE Clause in Contracts

DEATH OR DISABILITY OF FRANCHISEE. Upon the death or permanent disability of FRANCHISEE or a principal owner of FRANCHISEE, the executor, administrator, conservator or other personal representative of such person shall, within six (6) months from the date of death or disability, assign his interest in the Franchise and the BUSINESS or FRANCHISEE, to a third party approved by COMPANY subject to the conditions of Section 13C of this Agreement.