Common use of OBLIGATION OF TRANSFEREE Clause in Contracts

OBLIGATION OF TRANSFEREE. Any transferee or assignee of this Agreement shall personally complete the full training course provided by RE/MAX JAPAN and RE/MAX, LLC. including RE/MAX Management Training Course. It shall be the duty of Regional Franchisee to advise any prospective transferee or assignee of this Agreement of the requirements of this subparagraph. Any transferee or assignee of this Agreement shall assume the full rights and responsibilities hereunder as though such transferee or assignee had been the initial regional franchisee hereunder. RE/MAX JAPAN may, in its sole discretion, require that any transferee or assignee of an interest in Regional Franchisee meet the requirements of this Paragraph 10.c.

Appears in 3 contracts

Sources: Franchise Agreement (Exceed World, Inc.), Franchise Agreement (Exceed World, Inc.), Franchise Agreement (Exceed World, Inc.)