Question

Demonstrate understanding of the following term:
The franchise contract

Answer 1

Answer:

The franchise agreement is essentially a legal document between the franchisor and you (the franchisee). It is a legal binding agreement. It explains in detail what the franchisor expects from you, as a franchisee, in the way you operate every facet of the business.

1. Agreements with strong franchise companies are typically non-negotiable.

2. A franchise company's willingness to negotiate substantive provisions of its franchise agreement should be a warning sign.

3. Franchise agreements are typically unilateral in nature

4. The franchise agreement is full of "must-dos."

5. The franchise agreement is full of "can't-dos."

Explanation:

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