Common use of Transfer of Premises Clause in Contracts

Transfer of Premises. In the event of a Transfer by Franchisee of this Agreement or the Franchised Business, if legally permissible, Franchisee shall also Transfer all of its rights under any lease(s) for its Locations or any other property necessary for the operation of the Franchised Business to the same transferee of Franchisee.

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement (WCI Communities, Inc.)

Transfer of Premises. In the event of a Transfer by Franchisee of this Agreement or the Franchised Business, if legally permissible, Franchisee shall also Transfer all of its rights under any lease(s) for its Locations or Restricted Purpose Locations or any other property necessary for the operation of the Franchised Business to the same transferee of Franchisee.

Appears in 1 contract

Sources: Franchise Agreement (WCI Communities, Inc.)