Corporate
Oct. 3, 2000
Vehement Veto
Common to today's franchise agreements is a clause establishing what is usually referred to as a right of first refusal. The typical right of first refusal comes into play when a franchisee desires to sell substantially all of its assets, or a significant portion of equity in the franchise, to a third party.
Common to today's franchise agreements is a clause establishing what is usually referred to as a right of first refusal. The typical right of first refusal comes into play when a franchisee desires to sell substantially all of its assets, or a significant portion of equity in the franchise, t...
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