Franchise business sale agreement
Produced in partnership with Tim Rickard of Fieldfisher and David Bond of Fieldfisher

The following Commercial precedent produced in partnership with Tim Rickard of Fieldfisher and David Bond of Fieldfisher provides comprehensive and up to date legal information covering:

  • Franchise business sale agreement

Franchise business sale agreement

IP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in UK law as ‘IP completion day’), transitional arrangements ended and significant changes began to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for Commercial?

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes: Brexit—drafting boilerplate clauses and Brexit—drafting commercial clauses.

This Agreement is made on [insert date] 20[insert year]

Parties

  1. 1

    [insert name] [of OR incorporated in [insert jurisdiction, eg England and Wales] under number [insert company number] whose registered office is at] [insert address] (the Seller);

  1. 2

    [insert name] [of OR incorporated in [insert jurisdiction, eg England and Wales] under number [insert company number] whose registered office is at] [insert address] (the Buyer); and

  1. 3

    [insert name] [of OR incorporated in [insert jurisdiction, eg England and Wales] under number [insert company number] whose registered office is at] [insert address] (the Franchisor),

(each a Party and together the Parties).

Background

    1. (A)

      The Franchisor has licensed the Seller to operate the Franchise Business.

    1. (B)

      The Seller has agreed to sell and the Buyer has agreed to purchase the Franchise Business as

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