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S Raju   26 February 2018

Franchisee

I want to purchase a franchisee of a firm which is in a running franchisee. The franchisee is in rental place. for this what i have to make a document sale deed or transfer deed


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 2 Replies

Subbaraju Venkata   26 February 2018

First of all a counselor need to go through the contents of original franchise agreement or deed. Is there any relevant clause or right to transfer by the franchisee. Normally it will be surrendered by surrender deed and the original franchisee will get back his security deposit as per the franchise agreement. If there a provision to further transfer by the franchisee it can be done by way of a transfer deed. If a provision is made in the original franchise agreement to sell without the consent of the franchisee it can be done through a sale deed.

Coming to the leased premises one should know whether there a lease deed, whether it's registered? is there any provision for sub lease by the original lessee.

It's always better to enter into a fresh agreement with the franchisor.

Kumar Doab (FIN)     26 February 2018

Check with principle establishment if IT shall agree to such transfer

Approach with copies of docs a very able senior LOCAL counsel of unshakable repute and integrity specializing in such matters and having successful track record in such matters and……………….worth his/her salt..


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