by the franchisor before the business may be sold to another. The facility may have to be upgraded to current system standards. Franchisors also have a legitimate interest in regulating who their franchisees will be, and usually reserve the right to require that their consent be granted before a transfer may occur. Consent may depend on subjective factors such as the experience or financial qualifications of proposed transferee. Transfer fees, sometimes sizeable, are imposed in many franchise offerings. Franchisors also frequently reserve a right of first refusal to match an offer by a third party to acquire the franchised business. This can be a significant impediment or deterrent to some prospective purchasers. Some franchise contracts do not allow the seller even to assign his or own franchise, but require the buyer to sign a new, different, and possibly less advantageous franchise contract.