Common use of Franchisor's Approval of Transfer Clause in Contracts

Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Marketer's proposed transfer. Written notice shall mean and include all documentation necessary to evaluate the transferee. The Marketer acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new marketers of the Franchisor and that the proposed transferee shall be provided, if appropriate, with such disclosures as may be required by state or federal law.

Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove in writing, of the Marketerwriting Master Franchisee's proposed transfer. Written notice shall mean and include all documentation necessary to evaluate the transferee. The Marketer Master Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new marketers Master Franchisees of the Franchisor and that the such proposed transferee shall be provided, if appropriate, with such disclosures as may be required by state or federal law.

Franchisor's Approval of Transfer. The Franchisor has 30 days from the date of the written notice to approve or disapprove disapprove, in writing, of the MarketerFranchisee's proposed transfer. Written notice shall mean and include all documentation necessary to evaluate the transferee. The Marketer Franchisee acknowledges that the proposed transferee shall be evaluated for approval by the Franchisor based on the same criteria as is currently being used to assess new marketers franchisees of the Franchisor and that the proposed transferee shall be provided, if appropriate, provided with such disclosures as may be required by state or federal law.