I will draft a comprehensive franchise resale agreement
Licensed US Attorney, Premium Franchise and Business Contracts
About this Gig
Selling an existing, operational franchise involves much more than transferring a name. It requires a highly detailed Asset Purchase Agreement (APA) to account for goodwill, equipment, inventory, and ongoing operations.
As a licensed U.S. attorney, I craft meticulous Franchise Resale Agreements designed to facilitate lucrative exits for sellers and secure investments for buyers.
Key elements I draft into your resale agreement:
- Allocation of purchase price (goodwill, equipment, inventory)
- Treatment of accounts receivable and payable
- Seller's obligations to train the new owner during the transition
- Non-compete and non-solicitation restrictions
- Contingencies regarding financing and franchisor approval
Do not risk your financial capital on poorly written, copied-and-pasted internet templates. A professional transaction requires professional legal documentation. I ensure your resale agreement is comprehensive, compliant, and clearly defines the rights of all parties.
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
Can I review the document before it is finalized?
Absolutely. All packages include revisions, allowing you to review the drafted agreement and request adjustments via Fiverr messages before final acceptance.
How do we handle inventory that fluctuates before closing?
I draft specific clauses that dictate how inventory will be counted and valued in the days immediately prior to the final closing date.
Will you include a non-compete clause?
Yes, the Standard and Premium packages include restrictive covenants (non-compete/non-solicitation) to protect the buyer's new business from seller competition.
Can you include seller financing terms?
Yes, the Premium package covers detailed seller financing terms, including promissory note references, interest rates, and default conditions.
Is a resale agreement the same as an Asset Purchase Agreement (APA)?
In most franchise resales, yes. The transaction is structured as an APA to transfer the assets of the business rather than the corporate stock. I specialize in drafting these.
