Common use of Qualifications of Transferee Clause in Contracts

Qualifications of Transferee. In determining the acceptability of the proposed transferee, We will consider, among other things, Our then-current standards for new licensees, Including the net worth, credit worthiness, background, training, personality, capabilities, reputation, and business experience of the proposed transferee, the terms and conditions of the transfer and any circumstances that would make the transfer not in the best interests of Us or the System Including the proposed purchase price. The transferee must sign the then-current form of the License Agreement and fully upgrade Your Licensed Business to the level required of new licensees.