Paradise Footwear buys a franchise from Quadrangle Athletic Shoes,Inc.This relationship,like all other franchise relationships,is governed by

Question

Quizplus · Accepted Answer

Franchise relationships are governed by contract law, which is based on the terms and conditions outlined in the franchise agreement between the franchisor and the franchisee. These agreements typically cover a range of legal and financial aspects, such as the franchisor's obligations to provide training and support, the franchisee's initial investment and ongoing fees, the territory in which the franchisee can operate, and the rights and responsibilities of both parties in relation to branding, marketing, and product/service offerings.

Paradise Footwear Buys a Franchise from Quadrangle Athletic Shoes,Inc