{"component": "clause", "props": {"groups": [{"size": 4, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [66, 87]}, {"key": "in-this-agreement", "type": "clause", "offset": [98, 115]}, {"key": "to-developer", "type": "clause", "offset": [129, 141]}, {"key": "reliance-on", "type": "clause", "offset": [193, 204]}, {"key": "financial-capacity", "type": "clause", "offset": [236, 254]}, {"key": "legal-entity", "type": "definition", "offset": [409, 421]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [428, 450]}, {"key": "the-developer", "type": "clause", "offset": [472, 485]}, {"key": "development-agreement", "type": "clause", "offset": [497, 518]}, {"key": "indirect-interest", "type": "definition", "offset": [620, 637]}, {"key": "agreement-or", "type": "definition", "offset": [646, 658]}, {"key": "consent-of-franchisor", "type": "clause", "offset": [698, 719]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [735, 757]}, {"key": "by-operation-of-law", "type": "definition", "offset": [759, 778]}, {"key": "null-and-void", "type": "definition", "offset": [848, 861]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [886, 919]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [969, 988]}, {"key": "pursuant-to-section", "type": "definition", "offset": [989, 1008]}, {"key": "agreement-to", "type": "definition", "offset": [1067, 1079]}, {"key": "development-rights", "type": "definition", "offset": [1149, 1167]}, {"key": "to-establish", "type": "clause", "offset": [1189, 1201]}, {"key": "franchised-units", "type": "definition", "offset": [1214, 1230]}, {"key": "in-connection-with", "type": "clause", "offset": [1261, 1279]}, {"key": "transfer-of", "type": "definition", "offset": [1282, 1293]}, {"key": "in-accordance-with", "type": "definition", "offset": [1412, 1430]}, {"key": "the-conditions", "type": "clause", "offset": [1431, 1445]}], "snippet": "Developer understands and acknowledges that --------------------- the rights and duties set forth in this Agreement are personal to Developer, and that Franchisor has granted this Agreement in reliance on Developer's business skill and financial capacity. Accordingly, neither (i) Developer, nor (ii) any immediate or remote successor to Developer, nor (iii) any individual, partnership, corporation or other legal entity which directly or indirectly owns any interest in the Developer or in this Development Agreement, shall sell, assign, transfer, convey, donate, pledge, mortgage, or otherwise encumber any direct or indirect interest in this Agreement or in Developer without the prior written consent of Franchisor. Any purported assignment or transfer, by operation of law or otherwise, not having the written consent of Franchisor, shall be null and void, and shall constitute a material breach of this Agreement, for which Franchisor may then terminate without opportunity to cure pursuant to Section 5.03. of this Agreement. Notwithstanding anything in this Agreement to the contrary, Developer understands and acknowledges that individual development rights to obtain franchises to establish and operate Franchised Units may not be transferred except in connection with a transfer of this Development Agreement, together with all remaining development options due to be developed under this Agreement, in accordance with the conditions set forth herein.", "samples": [{"hash": "gdKTDGEaHNv", "uri": "/contracts/gdKTDGEaHNv#transfer-by-developer", "label": "Development Agreement (Afc Enterprises Inc)", "score": 16.0, "published": true}, {"hash": "5FppEl0rtr2", "uri": "/contracts/5FppEl0rtr2#transfer-by-developer", "label": "Development Agreement (Afc Enterprises Inc)", "score": 16.0, "published": true}], "hash": "5d018d03fc44b92b18d1a0eeecab82db", "id": 1}, {"size": 3, "snippet_links": [{"key": "area-developer", "type": "definition", "offset": [3, 17]}, {"key": "the-rights-and-duties", "type": "clause", "offset": 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"type": "definition", "offset": [3375, 3395]}, {"key": "type-of", "type": "definition", "offset": [3442, 3449]}, {"key": "ability-to-conduct-the-business", "type": "clause", "offset": [3512, 3543]}, {"key": "business-experience", "type": "clause", "offset": [3600, 3619]}, {"key": "years-experience", "type": "clause", "offset": [3658, 3674]}, {"key": "operation-of-the", "type": "clause", "offset": [3682, 3698]}, {"key": "the-franchise", "type": "clause", "offset": [3768, 3781]}, {"key": "adequate-financial-resources", "type": "definition", "offset": [3814, 3842]}, {"key": "comply-with-the", "type": "clause", "offset": [3858, 3873]}, {"key": "development-schedule", "type": "definition", "offset": [3874, 3894]}, {"key": "competing-business", "type": "definition", "offset": [3922, 3940]}, {"key": "other-criteria", "type": "clause", "offset": [3970, 3984]}, {"key": "interested-parties", "type": "definition", "offset": [4293, 4311]}, {"key": "date-of-this-agreement", "type": "definition", 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[5681, 5697]}, {"key": "without-liability", "type": "clause", "offset": [5715, 5732]}, {"key": "prospective-transferee", "type": "definition", "offset": [5787, 5809]}, {"key": "the-proposed", "type": "clause", "offset": [5859, 5871]}, {"key": "operating-partner", "type": "definition", "offset": [5889, 5906]}, {"key": "approved-by", "type": "definition", "offset": [5921, 5932]}, {"key": "requirements-for", "type": "clause", "offset": [5967, 5983]}, {"key": "operating-experience", "type": "clause", "offset": [6057, 6077]}, {"key": "completion-of", "type": "clause", "offset": [6090, 6103]}, {"key": "training-program", "type": "clause", "offset": [6117, 6133]}, {"key": "significant-equity-interest", "type": "definition", "offset": [6192, 6219]}, {"key": "public-offering-of-securities", "type": "clause", "offset": [6311, 6340]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [6610, 6629]}, {"key": "registration-under", "type": "clause", "offset": [6702, 6720]}, {"key": "any-state", "type": "definition", "offset": [6721, 6730]}, {"key": "federal-securities-laws", "type": "clause", "offset": [6734, 6757]}, {"key": "exempt-from-registration", "type": "clause", "offset": [6776, 6800]}, {"key": "federal-law-or-regulation", "type": "definition", "offset": [6836, 6861]}, {"key": "no-security-interest", "type": "clause", "offset": [6894, 6914]}, {"key": "franchised-business", "type": "definition", "offset": [6922, 6941]}, {"key": "in-the-event-of", "type": "definition", "offset": [7003, 7018]}, {"key": "default-by", "type": "clause", "offset": [7023, 7033]}, {"key": "the-security-interest", "type": "definition", "offset": [7080, 7101]}, {"key": "option-to-purchase", "type": "definition", "offset": [7139, 7157]}, {"key": "rights-of-the-secured-party", "type": "clause", "offset": [7162, 7189]}, {"key": "payment-of", "type": "definition", "offset": [7195, 7205]}, {"key": "payment-dates", "type": "definition", "offset": [7332, 7345]}, {"key": "by-the-transferee", "type": "clause", "offset": [7467, 7484]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [7542, 7572]}], "snippet": "1. Area Developer understands and acknowledges that the rights and duties set forth in this Agreement are personal to Area Developer, and are granted in reliance on Area Developer\u2019s business skill, financial capacity, and personal character. Accordingly, neither Area Developer nor any immediate or remote successor to any part of Area Developer\u2019s interest in this Agreement nor any individual, partnership, corporation, or other legal entity, which directly or indirectly controls Area Developer shall sell, assign, transfer, convey or give away, any direct or indirect interest in Area Developer or in the development rights granted by this Agreement without the prior written consent of Franchisor. No partial assignments of this Agreement and/or the Development Area can be made by Area Developer. Any purported assignment or transfer, by operation of law or otherwise, not having the written consent of Franchisor shall be null and void and shall constitute a material breach of this Agreement, for which Franchisor may then terminate without opportunity to cure pursuant to Section VI.B. of this Agreement. The transfer restrictions described in this Section VII.B. shall apply to any sale, assignment, transfer, conveyance, or donation of any ownership interest in Area Developer (except for an Area Developer which is a corporation registered under the Securities and Exchange Act of 1934) by any holder of such interest to any party.\n2. Franchisor shall not unreasonably withhold its consent to any such transfer; provided, however, that if a transfer, alone or together with other previous, simultaneous, or proposed transfers, would have the effect of transferring a controlling interest in Area Developer or in the development rights granted herein, Franchisor may, in its sole discretion, require as a condition of its approval that:\na. All of Area Developer\u2019s accrued monetary obligations to Franchisor and all other outstanding obligations related to the terms and conditions under this Agreement shall have been satisfied;\nb. Area Developer is not in default of any provision of this Agreement, any amendment hereof or successor hereto, or any other agreement between Area Developer and Franchisor, or its subsidiaries and affiliates;\nc. The transferor shall have executed a general release under seal, in a form satisfactory to Franchisor, of any and all claims against Franchisor and its officers, directors, shareholders, and employees, in their corporate and individual capacities, including, without limitation, claims arising under federal, state, and local laws, rules, and ordinances;\nd. The transferee (and, if the transferee is other than an individual, such owners of a beneficial interest in the transferee as Franchisor may request) shall enter into a written assignment, under seal and in a form satisfactory to Franchisor, assuming and agreeing to discharge all of Area Developer\u2019s obligations under this Agreement;\ne. The transferee (and, if the transferee is other than an individual, such owners of a beneficial interest in the transferee as Franchisor may request) shall demonstrate to Franchisor\u2019s satisfaction that transferee meets Franchisor\u2019s educational, managerial, and business standards; possesses a good moral character, business reputation, and credit rating; has the minimum net worth and liquidity which meets Franchisor\u2019s then current requirements to become an area developer of the number and type of restaurants described in this Agreement; has the aptitude and ability to conduct the business franchised herein (as may be evidenced by prior related business experience equivalent to not less than three (3) years experience in the operation of the number and type of restaurants to be developed under this Agreement, the franchise application, or otherwise); has adequate financial resources and capital to comply with the development schedule; and has no conflicting or competing business interest, and satisfies such other criteria and conditions that Franchisor shall reasonably impose;\nf. At Franchisor\u2019s option, the transferee (and, if the transferee is other than an individual, such owners of a legal or beneficial interest in the transferee as Franchisor may request) shall execute (and/or, upon Franchisor\u2019s request, shall cause all interested parties to execute), for a term ending on the expiration date of this Agreement, Franchisor\u2019s standard form of Development Agreement, which agreement shall supersede this Agreement in all respects and the terms of which agreement may differ from the terms of this Agreement;\ng. Area Developer shall remain primarily liable for all obligations of the Area Developer\u2019s business, and all covenants to be kept or performed by Area Developer, and shall execute any and all instruments reasonably requested by Franchisor to evidence such liability;\nh. Each restaurant has already opened and been approved for operation by Franchisor in compliance with all the conditions listed herein;\ni. Except in the case of a transfer to a corporation formed for the convenience of ownership, a transfer fee in an amount equal to five percent (5%) of the development fee shall be paid by Developer to Franchisor under this Agreement, or such greater amount as is necessary to reimburse Franchisor for its reasonable costs and expenses associated with reviewing the application to transfer, including, without limitation, legal and accounting fees.\nj. Area Developer agrees that if, in the opinion of Franchisor, the price to be paid for any transfer appears to be excessive or is likely to result in there being an unsatisfactory return on investment, or there being an insufficient cash flow to meet obligations, Franchisor may, without liability to Area Developer, review such opinions with any such prospective transferee/purchaser.\nk. The transferee must at the time of the proposed transfer have an Operating Partner that has been approved by Franchisor and meets Franchisor\u2019s requirements for such position, which may include significant prior multi-unit restaurant operating experience, successful completion of Franchisor\u2019s training program for managers and ownership by such Operating Partner of a significant equity interest in the transferee.\n3. Franchisor shall not unreasonably withhold its consent to a proposed public offering of securities interests in Area Developer; provided, however, that Franchisor may, in its sole discretion, require as a condition of its approval that Franchisor or a company controlling Franchisor has previously made a public offering of Franchisor\u2019s or such company\u2019s securities. (For the purposes of this Section VII, a \u201cpublic offering\u201d shall mean any offering requiring registration under any state or federal securities laws, and any offering exempt from registration but requiring disclosure under any federal law or regulation.)\n4. Area Developer shall grant no security interest in the franchised business or in any of its assets unless the secured party agrees that in the event of any default by Area Developer under any documents related to the security interest, Franchisor shall have the right and option to purchase the rights of the secured party upon payment of all sums then due to such secured party, except such amounts which may have become due as a result of any acceleration of the payment dates based upon the Area Developer\u2019s default.\n5. Area Developer acknowledges and agrees that each condition which must be met by the transferee franchisee is necessary to assure such transferee\u2019s full performance of the obligations hereunder.", "samples": [{"hash": "5aTPdCcNmLt", "uri": "/contracts/5aTPdCcNmLt#transfer-by-developer", "label": "Area Development Agreement", "score": 29.340862423, "published": true}, {"hash": "g9iCUlH4RtN", "uri": "/contracts/g9iCUlH4RtN#transfer-by-developer", "label": "Area Development Agreement (Frischs Restaurants Inc)", "score": 19.0, "published": true}], "hash": "c2c162c213ef3f90f944f0d815b44bab", "id": 2}, {"size": 2, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [50, 71]}, {"key": "in-this-agreement", "type": "clause", "offset": [82, 99]}, {"key": "to-developer", "type": "clause", "offset": [111, 123]}, {"key": "reliance-on", "type": "clause", "offset": [144, 155]}, {"key": "the-business", "type": "clause", "offset": [156, 168]}, {"key": "financial-capacity", "type": "clause", "offset": [176, 194]}, {"key": "legal-entity", "type": "definition", "offset": [459, 471]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [478, 500]}, {"key": "transfer-or-assign", "type": "clause", "offset": [527, 545]}, {"key": "indirect-interest", "type": "definition", "offset": [628, 645]}, {"key": "partnership-or-limited-liability-company", "type": "clause", "offset": [718, 758]}, {"key": "developer-shall", "type": "clause", "offset": [852, 867]}, {"key": "the-right-of-first-refusal", "type": "clause", "offset": [903, 929]}, {"key": "to-acquire", "type": "definition", "offset": [930, 940]}, {"key": "in-accordance-with", "type": "definition", "offset": [955, 973]}, {"key": "the-provisions", "type": "clause", "offset": [974, 988]}, {"key": "other-conditions", "type": "definition", "offset": [993, 1009]}, {"key": "to-exercise", "type": "clause", "offset": [1057, 1068]}, {"key": "consent-of-the-company", "type": "clause", "offset": [1109, 1131]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [1205, 1227]}, {"key": "by-operation-of-law", "type": "definition", "offset": [1229, 1248]}, {"key": "null-and-void", "type": "definition", "offset": [1319, 1332]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [1356, 1389]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1422, 1446]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [1455, 1474]}, {"key": "section-62", "type": "clause", "offset": [1487, 1498]}, {"key": "the-company-shall", "type": "clause", "offset": [1524, 1541]}, {"key": "consent-to", "type": "clause", "offset": [1572, 1582]}, {"key": "transfer-of-this-agreement", "type": "clause", "offset": [1585, 1611]}, {"key": "substantially-all-of-the-assets", "type": "definition", "offset": [1694, 1725]}, {"key": "proposed-transfers", "type": "clause", "offset": [1835, 1853]}, {"key": "effect-of", "type": "definition", "offset": [1870, 1879]}, {"key": "transferring-this-agreement", "type": "clause", "offset": [1880, 1907]}, {"key": "controlling-interest", "type": "definition", "offset": [1911, 1931]}, {"key": "sole-discretion", "type": "clause", "offset": [2013, 2028]}, {"key": "condition-of", "type": "clause", "offset": [2043, 2055]}, {"key": "company-and-its-affiliates", "type": "clause", "offset": [2138, 2164]}, {"key": "other-outstanding-obligations", "type": "clause", "offset": [2173, 2202]}, {"key": "related-to", "type": "clause", "offset": [2203, 2213]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [2214, 2238]}, {"key": "not-in-default", "type": "clause", "offset": [2308, 2322]}, {"key": "provision-of", "type": "clause", "offset": [2339, 2351]}, {"key": "amendment-hereof", "type": "clause", "offset": [2372, 2388]}, {"key": "agreement-between", "type": "clause", "offset": [2423, 2440]}, {"key": "and-the-company", "type": "clause", "offset": [2451, 2466]}, {"key": "subsidiaries-and-affiliates", "type": "clause", "offset": [2475, 2502]}], "snippet": "7.2.1 Developer understands and acknowledges that the rights and duties set forth in this Agreement are unique to Developer, and are granted in reliance on the business skill, financial capacity, and personal character of Developer or Developer\u2019s owners. Accordingly, neither Developer nor any immediate or remote successor to any part of Developer\u2019s interest in this Agreement nor any individual, partnership, corporation, limited liability company or other legal entity which directly or indirectly controls Developer, shall transfer or assign this Agreement, or shall see, assign, transfer, convey or give away any direct or indirect interest in Developer (including any direct or indirect interest in a corporate, partnership or limited liability company Developer), in Developer\u2019s business, or in substantially all the assets of Developer, unless Developer shall have first tendered to the Company the right of first refusal to acquire such interest in accordance with the provisions and other conditions set forth below, and then if the Company fails to exercise said right, only with the prior written consent of the Company. The Company\u2019s consent shall not be unreasonably withheld. Any purported assignment or transfer, by operation of law or otherwise, not having the written consent of the Company, shall be null and void and shall constitute a material breach of this agreement, for which the Company may then terminate this Agreement without opportunity to cure pursuant to Section 6.2 of this Agreement.\n7.2.2 The Company shall not unreasonably withhold its consent to a transfer of this Agreement, or a direct or indirect interest in Developer, or of Developer\u2019s business, or of substantially all of the assets of Developer; provided, however, that if a transfer alone, or together with other previous, simultaneous, or proposed transfers, would have the effect of transferring this Agreement, a controlling interest in Developer or substantially all of Developer\u2019s assets, the Company may, in its sole discretion, require as a condition of its approval that:\n7.2.2.1 All of Developer\u2019s accrued monetary obligations to the Company and its affiliates and all other outstanding obligations related to the terms and conditions under this Agreement shall have been satisfied:\n7.2.2.2 Developer is not in default of any material provision of this Agreement, any amendment hereof or successor hereto, or any other agreement between Developer and the Company, or its subsidiaries and affiliates;", "samples": [{"hash": "dd7PIHd351m", "uri": "/contracts/dd7PIHd351m#transfer-by-developer", "label": "Multiple Unit Development Agreement (Rockelle Corp.)", "score": 19.0, "published": true}], "hash": "091722c5f5f7e56257becf741e39ee13", "id": 3}, {"size": 2, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [48, 69]}, {"key": "in-this-agreement", "type": "clause", "offset": [80, 97]}, {"key": "to-developer", "type": "clause", "offset": [111, 123]}, {"key": "such-rights", "type": "definition", "offset": [157, 168]}, {"key": "reliance-on", "type": "clause", "offset": [172, 183]}, {"key": "financial-capacity", "type": "clause", 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"offset": [2669, 2683]}, {"key": "operating-principal", "type": "definition", "offset": [2691, 2710]}, {"key": "transferee-is-a", "type": "definition", "offset": [2831, 2846]}, {"key": "written-agreement", "type": "clause", "offset": [2994, 3011]}, {"key": "liability-for", "type": "clause", "offset": [3099, 3112]}, {"key": "all-obligations", "type": "clause", "offset": [3168, 3183]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [3185, 3209]}, {"key": "contained-in", "type": "definition", "offset": [3210, 3222]}, {"key": "an-operating", "type": "clause", "offset": [3326, 3338]}, {"key": "to-enter", "type": "definition", "offset": [3430, 3438]}, {"key": "the-criteria", "type": "clause", "offset": [3791, 3803]}, {"key": "by-franchisor", "type": "clause", "offset": [3815, 3828]}, {"key": "prospective-developer", "type": "definition", "offset": [3846, 3867]}, {"key": "development-rights", "type": "definition", "offset": [3886, 3904]}, {"key": "not-limited", "type": "clause", "offset": [3920, 3931]}, {"key": "business-standards", "type": "clause", "offset": [3976, 3994]}, {"key": "good-moral-character", "type": "definition", "offset": [4009, 4029]}, {"key": "business-reputation", "type": "clause", "offset": [4031, 4050]}, {"key": "credit-rating", "type": "clause", "offset": [4055, 4068]}, {"key": "ability-to-conduct-the-business", "type": "clause", "offset": [4096, 4127]}, {"key": "business-experience", "type": "clause", "offset": [4189, 4208]}, {"key": "adequate-financial-resources", "type": "definition", "offset": [4244, 4272]}, {"key": "development-schedule", "type": "definition", "offset": [4297, 4317]}, {"key": "geographic-proximity", "type": "clause", "offset": [4362, 4382]}, {"key": "by-transferee", "type": "clause", "offset": [4442, 4455]}, {"key": "with-respect-to", "type": "clause", "offset": [4485, 4500]}, {"key": "development-agreement", "type": "clause", "offset": [4590, 4611]}, {"key": "development-of-the", "type": "clause", "offset": [4662, 4680]}, {"key": "interested-parties", "type": "definition", "offset": [4779, 4797]}, {"key": "standard-form", "type": "definition", "offset": [4815, 4828]}, {"key": "new-system", "type": "definition", "offset": [4873, 4883]}, {"key": "form-of-this-agreement", "type": "clause", "offset": [4898, 4920]}, {"key": "other-ancillary-agreements", "type": "clause", "offset": [4957, 4983]}, {"key": "ancillary-documents", "type": "definition", "offset": [5067, 5086]}, {"key": "in-all-respects", "type": "clause", "offset": [5087, 5102]}, {"key": "the-terms", "type": "definition", "offset": [5107, 5116]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [5157, 5180]}, {"key": "if-applicable", "type": "clause", "offset": [5336, 5349]}, {"key": "training-programs", "type": "clause", "offset": [5370, 5387]}, {"key": "in-effect", "type": "definition", "offset": [5393, 5402]}, {"key": "terms-and-conditions", "type": "definition", "offset": [5435, 5455]}, {"key": "transfer-fee", "type": "definition", "offset": [5520, 5532]}, {"key": "to-reimburse", "type": "definition", "offset": [5557, 5569]}, {"key": "associated-with", "type": "definition", "offset": [5619, 5634]}, {"key": "the-application", "type": "clause", "offset": [5645, 5660]}, {"key": "to-transfer", "type": "clause", "offset": [5661, 5672]}, {"key": "legal-and-accounting-fees", "type": "clause", "offset": [5705, 5730]}, {"key": "warranties-and-covenants", "type": "clause", "offset": [5867, 5891]}, {"key": "true-and-correct", "type": "clause", "offset": [6084, 6100]}, {"key": "date-of-transfer", "type": "definition", "offset": [6108, 6124]}, {"key": "transfer-requirements", "type": "definition", "offset": [6156, 6177]}], "snippet": "(1) Developer understands and acknowledges that the rights and duties set forth in this Agreement are personal to Developer, and that Franchisor has granted such rights in reliance on the business skill, financial capacity, and personal character of Developer and any guarantor of Developer. Accordingly, neither Developer nor any initial or subsequent successor or assign to any part of Developer's interest in this Agreement, nor any individual, partnership, corporation, or other entity which directly or indirectly has or owns any interest in this Agreement or in Developer shall sell, assign, transfer, convey, give away, pledge, mortgage, or otherwise encumber any direct or indirect interest in this Agreement or in any entity which owns this Agreement without the prior written consent of Franchisor; provided, however, that Franchisor's prior written consent shall not be required for a transfer of less than a one per cent (1%) interest in a publicly-held corporation, and further, Franchisor's prior written consent for a Minority Interest Transfer (as hereinafter defined) shall be exclusively based upon the requirements enumerated in Section VIII.B.(3) hereof. A publicly-held corporation is a corporation having its securities registered pursuant to Section 12 under the Securities Exchange Act of 1934, as amended, or a corporation subject to the reporting requirements of Section 15(d) under the Securities Exchange Act of 1934, as amended. Any purported assignment or transfer, by operation of law or otherwise, not having the written consent of Franchisor required by this Section VIII.B.(1) shall be null and void and shall constitute a material breach of this Agreement.\n(2) Franchisor shall not unreasonably withhold its consent to a transfer of any interest in Developer or in this Agreement. Franchisor may, in its sole discretion, require any or all of the following as conditions of its approval:\n(a) All of Developer's accrued monetary obligations and all other outstanding obligations to Franchisor, its subsidiaries, and its affiliates shall have been satisfied;\n(b) Developer is not in default of any provision of this Agreement, any amendment hereof or successor hereto, or any other agreement between Developer and Franchisor, or its subsidiaries and affiliates;\n(c) The transferor shall have executed a general release, in a form satisfactory to Franchisor, of any and all claims against Franchisor and its officers, directors, shareholders, and employees, in their corporate and individual capacities, including, without limitation, claims arising under this Agreement and federal, state, and local laws, rules, and ordinances;\n(d) If the transferee is the Operating Principal or the Operating Designee, then the requirements of Section VI.B. (3) shall be satisfied by such transferee;\n(e) If the transferee is a Developer's Principal, then the requirements of Section VI.B. (2) (h) shall be satisfied by such transferee;\n(f) The transferee shall enter into a written agreement, in a form satisfactory to Franchisor, assuming full, unconditional, joint and several liability for and agreeing to perform from the date of the transfer, all obligations, covenants and agreements contained in this Agreement which the transferor was obligated to perform. If, however, the transferee is to become an Operating Principal, Operating Designee, or Developer's Principal, such transferee shall be required to enter into a written agreement, in a form reasonably satisfactory to Franchisor, assuming full, unconditional, joint and several liability for and agreeing to perform from the date of the transfer, all obligations, covenants, and agreements contained in this Agreement;\n(g) The transferee shall demonstrate to Franchisor's satisfaction that transferee meets the criteria considered by Franchisor when reviewing a prospective developer's application for development rights, including but not limited to Franchisor's educational, managerial and business standards; transferee's good moral character, business reputation and credit rating; transferee's aptitude and ability to conduct the business contemplated hereunder (as may be evidenced by prior related business experience or otherwise); that transferee has adequate financial resources and capital to meet the development schedule set forth in Section III.B. hereof; and the geographic proximity of other Chili's Grill & Bar restaurants owned or operated by transferee and the territories or areas with respect to which transferee is obligated to develop Chili's Grill & Bar restaurants pursuant to any development agreement between Franchisor and Franchisee, in relation to development of the Restaurants.\n(h) The transferee shall execute (and/or, upon Franchisor's request, shall cause all interested parties to execute), the standard form development agreement then being offered to new System developers or form of this Agreement, as Franchisor determines, and such other ancillary agreements as Franchisor may require, which agreements shall supersede this Agreement and its ancillary documents in all respects and the terms of which agreements may differ from the terms of this Agreement;\n(i) At the transferee's expense, the transferee, the transferee's manager, the transferee's Operating Principal, and the transferee's Operating Designee, if applicable, shall complete any training programs then in effect for System developers upon such terms and conditions as Franchisor may reasonably require;\n(j) Developer shall pay a transfer fee in an amount sufficient to reimburse Franchisor for its reasonable costs and expenses associated with reviewing the application to transfer, including, without limitation, legal and accounting fees; and\n(k) If transferee is a corporation or a partnership, transferee shall make and will be bound by any or all of the representations, warranties and covenants set forth at Section VI.B.(2) as Franchisor requests. Transferee shall provide to Franchisor evidence satisfactory to Franchisor that the terms of Section VI.B.(2) have been satisfied and are true and correct on the date of transfer.\n(3) Franchisor will apply the transfer requirements set forth in Section VIII.B.", "samples": [{"hash": "aMVHTZggkE1", "uri": "/contracts/aMVHTZggkE1#transfer-by-developer", "label": "Development Agreement (Bertuccis of White Marsh Inc)", "score": 18.0, "published": true}], "hash": "18cd3012164d76e27e66dd0f29d48cb8", "id": 4}, {"size": 1, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [44, 65]}, {"key": "in-this-agreement", "type": "clause", "offset": [76, 93]}, {"key": "to-developer", "type": "clause", "offset": [105, 117]}, {"key": "by-this-agreement", "type": "clause", "offset": [174, 191]}, {"key": "agreement-or", "type": "definition", "offset": [207, 219]}, {"key": "the-assets", "type": "clause", "offset": [302, 312]}, {"key": "ownership-interests", "type": "definition", "offset": [339, 358]}], "snippet": "Developer understands and acknowledges that the rights and duties set forth in this Agreement are unique to DEVELOPER, and are granted in\n9.1.1 any right or interest created by this Agreement, the Franchise Agreement or any Addenda thereto;\n9.1.2 any of the FRANCHISED STORES, including any portion of the assets therein;\n9.1.3 any of the ownership interests in DEVELOPER; or\n9.1.4 this Agreement.", "samples": [{"hash": "8vJKfCDYc6Q", "uri": "/contracts/8vJKfCDYc6Q#transfer-by-developer", "label": "Development Agreement (West Coast Entertainment Corp)", "score": 18.0, "published": true}], "hash": "a962f3be4bf753a10dd5bfdf9e17d7bf", "id": 5}, {"size": 1, "snippet_links": [{"key": "consent-of", "type": "clause", "offset": [30, 40]}, {"key": "authorized-officer", "type": "clause", "offset": [44, 62]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [80, 119]}, {"key": "proposed-transfer", "type": "definition", "offset": [167, 184]}, {"key": "best-interest", "type": "definition", "offset": [202, 215]}, {"key": "developer-shall", "type": "clause", "offset": [245, 260]}, {"key": "this-agreement", "type": "clause", "offset": [286, 300]}, {"key": "equity-securities", "type": "definition", "offset": [473, 490]}, {"key": "substantially-all-of-the-assets", "type": "definition", "offset": [556, 587]}], "snippet": "Except with the prior written consent of an authorized officer of \u2587\u2587\u2587\u2587\u2587\u2587\u2587, such consent not to be unreasonably withheld but may be withheld if \u2587\u2587\u2587\u2587\u2587\u2587\u2587 determines such proposed transfer not to be in the best interest of the On The Border System, Developer shall not (1) assign or pledge this Agreement, or assign any of Developer's rights or delegate any of its duties hereunder; or (2) sell, assign, transfer, convey, give away, pledge, mortgage, or otherwise encumber any equity securities of Developer; or (3) sell, assign, transfer, convey or give away substantially all of the assets of Developer or any On The Border Restaurant.", "samples": [{"hash": "4hrN92n2EPk", "uri": "/contracts/4hrN92n2EPk#transfer-by-developer", "label": "Development Agreement (Bertuccis of White Marsh Inc)", "score": 18.0, "published": true}], "hash": "62af4bfb6a2fb654711da9dd657a32a6", "id": 6}, {"size": 1, "snippet_links": [{"key": "right-of-first-refusal", "type": "clause", "offset": [7, 29]}, {"key": "waiver-of-claims", "type": "clause", "offset": [76, 92]}], "snippet": "15 8.3 Right of First Refusal....................................18 8.4 NON-WAIVER OF CLAIMS......................................20", "samples": [{"hash": "4hrN92n2EPk", "uri": "/contracts/4hrN92n2EPk#transfer-by-developer", "label": "Development Agreement (Bertuccis of White Marsh Inc)", "score": 18.0, "published": true}], "hash": "f6272f602c1cfdf67c68ef63f01424ab", "id": 7}, {"size": 1, "snippet_links": [{"key": "developer-and-developer", "type": "clause", 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"offset": [1513, 1527]}, {"key": "new-development-agreement", "type": "clause", "offset": [1586, 1611]}, {"key": "acceptance-and-assumption", "type": "clause", "offset": [1673, 1698]}, {"key": "may-contain", "type": "definition", "offset": [1784, 1795]}, {"key": "transfer-fee", "type": "definition", "offset": [1869, 1881]}, {"key": "equal-to", "type": "definition", "offset": [1882, 1890]}, {"key": "development-fee", "type": "clause", "offset": [1919, 1934]}, {"key": "a-majority", "type": "clause", "offset": [1984, 1994]}, {"key": "equity-interest", "type": "clause", "offset": [1995, 2010]}, {"key": "costs-incurred", "type": "definition", "offset": [2112, 2126]}, {"key": "in-connection-with", "type": "clause", "offset": [2141, 2159]}, {"key": "in-no-event", "type": "clause", "offset": [2206, 2217]}, {"key": "if-applicable", "type": "clause", "offset": [2311, 2324]}, {"key": "a-general", "type": "clause", "offset": [2345, 2354]}, {"key": "form-satisfactory", "type": "clause", "offset": [2369, 2386]}, {"key": "all-claims", "type": "clause", "offset": [2413, 2423]}, {"key": "the-officers", "type": "definition", "offset": [2464, 2476]}, {"key": "independent-contractors", "type": "definition", "offset": [2547, 2570]}, {"key": "employees-of", "type": "clause", "offset": [2585, 2597]}, {"key": "individual-capacities", "type": "clause", "offset": [2635, 2656]}, {"key": "arising-under-this-agreement", "type": "definition", "offset": [2696, 2724]}, {"key": "agreement-between", "type": "clause", "offset": [2739, 2756]}, {"key": "local-laws", "type": "definition", "offset": [2869, 2879]}, {"key": "form-of-general-release", "type": "clause", "offset": [2932, 2955]}], "snippet": "Developer and Developer\u2019s Principals understand and acknowledge that the rights and duties set forth in this Development Agreement are personal to Developer and are granted, in part, in reliance upon the skill, aptitude, business and financial capacity of Developer and Developer\u2019s Principals and their intention of complying with its terms and conditions. Therefore, if the Developer and/or Developer\u2019s Principals desire to Transfer any interest to any individual or entity (including a trust), they must first obtain the prior written approval of Franchisor. Any such attempted Transfer not approved by Franchisor shall be null and void from its purported inception. Prior to authorizing such Transfer, Franchisor may require, among other things, satisfaction of any or all of the following:\n(a) Developer shall be in full compliance with all of the terms and conditions of this Agreement;\n(b) Developer and/or any Developer\u2019s Principal shall remain liable for the performance of its obligations contained in this Agreement through the date of Transfer and shall execute all instruments reasonably requested by Developer to evidence such liability;\n(c) The transferee shall satisfy, in Franchisor\u2019s judgment, Franchisor\u2019s then existing criteria for a developer including, without limitation: (i) education; (ii) business skill, experience and aptitude; (iii) character and reputation; and (iv) financial resources;\n(d) The transferee and all owners of any record or beneficial interest in the capital stock (or other interest) of transferee shall execute all instruments (including a new development agreement and guaranty) reasonably requested by Franchisor to evidence acceptance and assumption of all of the terms and conditions of this Agreement. Such new development agreement may contain terms materially different from this Agreement; and\n(e) Developer pays a transfer fee equal to (i) one half ( 1 /2) of the development fee contained herein, if the Developer does not have a majority Equity Interest (as reasonably determined by Franchisor) in the transferee or (ii) an amount equal to the reasonable costs incurred by Franchisor in connection with the Transfer among Developers principals, but in no event less than One Thousand and No/100 Dollars ($1,000.00). Developer and Developer\u2019s Principals (if applicable) must have executed a general release, in a form satisfactory to Franchisor, of any and all claims against Franchisor, its affiliates, and the officers, directors, members, shareholders, partners, agents, representatives, independent contractors, servants and employees of each of them, in their corporate and individual capacities, including, without limitation, claims arising under this Agreement and any other agreement between Developer or any of Developer\u2019s affiliates and Franchisor\u2019s or any of its affiliates or under federal, state or local laws, rules, regulations or orders. Franchisor\u2019s current form of general release is attached hereto as Attachment D. 12 Domestic Development Agreement", "samples": [{"hash": "lQoyot1NmQN", "uri": "/contracts/lQoyot1NmQN#transfer-by-developer", "label": "Development Agreement (Cec Entertainment Inc)", "score": 21.0, "published": true}], "hash": "f13de7f9a5e8b3ab60da52defcc2f2bb", "id": 8}, {"size": 1, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [44, 65]}, {"key": "in-this-agreement", "type": "clause", "offset": [76, 93]}, {"key": "to-developer", "type": "clause", "offset": [107, 119]}, {"key": "entered-into", "type": "clause", "offset": [141, 153]}, {"key": "financial-capacity", "type": "clause", "offset": [215, 233]}, {"key": "developer-shall", "type": "clause", "offset": [271, 286]}, {"key": "consent-of", "type": "clause", "offset": [317, 327]}, {"key": "agreement-or", "type": "definition", "offset": [454, 466]}, {"key": "by-operation-of-law", "type": "definition", "offset": [582, 601]}, {"key": "control-of", "type": "definition", "offset": [623, 633]}, {"key": "null-and-void", "type": "definition", "offset": [847, 860]}, {"key": "default-by-developer", "type": "clause", "offset": [893, 913]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [937, 961]}, {"key": "pursuant-to-section-5", "type": "clause", "offset": [963, 984]}, {"key": "to-operate", "type": "definition", "offset": [1063, 1073]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [1104, 1130]}, {"key": "third-parties", "type": "clause", "offset": [1191, 1204]}, {"key": "the-equity-interests", "type": "clause", "offset": [1234, 1254]}, {"key": "operating-company", "type": "definition", "offset": [1268, 1285]}, {"key": "provided-that", "type": "clause", "offset": [1332, 1345]}, {"key": "actual-owner", "type": "definition", "offset": [1395, 1407]}, {"key": "at-all-times", "type": "definition", "offset": [1491, 1503]}, {"key": "with-respect-to", "type": "clause", "offset": [1544, 1559]}], "snippet": "Developer understands and acknowledges that the rights and duties set forth in this Agreement are personal to Developer and that Champps has entered into this Agreement in reliance upon Developer's business skills, financial capacity and personal character. Accordingly, Developer shall not without the prior written consent of Champps, sell, assign, transfer, convey, donate, pledge, mortgage, or otherwise encumber this Agreement, any interest in this Agreement or any interest which, alone or together with other previous, simultaneous or contemplated transfers, would, or could by operation of law, result in a loss of control of Developer. These transactions shall be collectively referred to as \"Transfers\" in this Agreement. Any purported Transfer, by operation of law or otherwise, not having the prior written consent of Champps shall be null and void and shall constitute a material default by Developer, permitting Champps to terminate this Agreement, pursuant to Section 5. Champps acknowledges that Developer may incorporate one or more corporations to operate Champps Restaurants developed pursuant to this Agreement and that Developer contemplates transferring to one or more third parties up to an aggregate of 50% of the equity interests in each such operating company and Champps hereby consents to such transfers provided that Developer (i) continues to be the beneficial and actual owner of at least 50% of the equity interests in such operating company and (ii) retains at all times control of and operating responsibility with respect to each such restaurant.", "samples": [{"hash": "hWvL51x0WsO", "uri": "/contracts/hWvL51x0WsO#transfer-by-developer", "label": "Development Agreement (Unique Casual Restaurants Inc)", "score": 16.0, "published": true}], "hash": "3317d0358e255aa254546ec22e70ad06", "id": 9}, {"size": 1, "snippet_links": [{"key": "the-rights-and-duties", "type": "clause", "offset": [44, 65]}, {"key": "in-this-agreement", "type": "clause", "offset": [76, 93]}, {"key": "to-developer", "type": "clause", "offset": [105, 117]}, {"key": "reliance-on", "type": "clause", "offset": [169, 180]}, {"key": "financial-capacity", "type": "clause", "offset": [212, 230]}, {"key": "legal-entity", "type": "definition", "offset": [384, 396]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [403, 425]}, {"key": "development-agreement", "type": "clause", "offset": [469, 490]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [592, 624]}, {"key": "indirect-interest", "type": "definition", "offset": [640, 657]}, {"key": "consent-of-franchisor", "type": "clause", "offset": [719, 740]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [756, 778]}, {"key": "by-operation-of-law", "type": "definition", "offset": [780, 799]}, {"key": "null-and-void", "type": "definition", "offset": [875, 888]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [913, 946]}, {"key": "opportunity-to-cure", "type": "clause", "offset": [996, 1015]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1016, 1035]}], "snippet": "Developer understands and acknowledges that the rights and duties set forth in this Agreement are unique to Developer, and that Franchisor has granted this Agreement in reliance on Developer's business skill and financial capacity. Accordingly, neither (i) Developer nor (ii) any immediate or remote successor to Developer, nor (iii) any individual, partnership, corporation or other legal entity which directly or indirectly owns any interest in Developer, or in this Development Agreement, shall sell, assign, transfer, convey, donate, pledge, mortgage, or otherwise encumber any rights or obligations under this Agreement, any direct or indirect interest in this Agreement, or in Developer without the prior written consent of Franchisor. Any purported assignment or transfer, by operation of law or otherwise, not having the prior written consent of Franchisor, shall be null and void, and shall constitute a material breach of this Agreement, for which Franchisor may then terminate without opportunity to cure pursuant to Section 9.03 of this Agreement.", "samples": [{"hash": "ctKz1sXCWdn", "uri": "/contracts/ctKz1sXCWdn#transfer-by-developer", "label": "Development Agreement (Afc Enterprises Inc)", "score": 18.0, "published": true}], "hash": "b506008fcea1c8ecd1ae17a3e5d02135", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih50cmFuc2Zlci1ieS1kZXZlbG9wZXIjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["transferability-of-interest", "Transferability of Interest"], ["transfers", "Transfers"], ["conditions-of-transfer-of-interest", "Conditions of Transfer of Interest"], ["miscellaneous", "Miscellaneous"], ["term", "TERM"]], "title": "Transfer by Developer", "size": 20, "children": [["death-or-mental-incapacity", "DEATH OR MENTAL INCAPACITY"], ["transfer-by-developer", "TRANSFER BY DEVELOPER"], ["conditions-of-consent", "CONDITIONS OF CONSENT"], ["notice-of-proposed-transfer", "NOTICE OF PROPOSED TRANSFER"], ["transfer-by-owners", "TRANSFER BY OWNERS"]], "id": "transfer-by-developer", "related": [["transfer-by-landlord", "TRANSFER BY LANDLORD", "TRANSFER BY LANDLORD"], ["permitted-transfer", "Permitted Transfer", "Permitted Transfer"], ["permitted-transferee", "Permitted Transferee", "Permitted Transferee"], ["acquisition-of-significant-share-ownership", "Acquisition of Significant Share Ownership", "Acquisition of Significant Share Ownership"], ["permitted-transfers-within-escrow", "Permitted Transfers Within Escrow", "Permitted Transfers Within Escrow"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"Transfer by Developer\" clause defines the conditions under which a developer may assign or transfer their rights and obligations under an agreement to another party. Typically, this clause outlines whether the developer needs the consent of the other contracting party before making such a transfer, and may specify any exceptions or requirements, such as notice periods or qualifications of the transferee. Its core practical function is to provide clarity and control over changes in the party responsible for fulfilling the developer's contractual duties, thereby protecting the interests of all parties involved and ensuring continuity in the project's execution."}, "json": true, "cursor": ""}}