Common use of Assignment by Franchisee Clause in Contracts

Assignment by Franchisee. Franchisee shall have no right to assign this Agreement. Franchisee's interest in this Agreement may be assigned only as part of an assignment of the interest of Lyric and all Franchisees in the Master Franchise Agreement and all Facility Franchise Agreements pursuant to Section 16.2 of the Master Franchise Agreement.

Appears in 3 contracts

Sources: Facility Franchise Agreement (Monarch Properties Inc), Master Franchise Agreement (Integrated Health Services Inc), Master Franchise Agreement (Monarch Properties Inc)