An entrepreneur is preparing to enter into a franchise agreement with a well-known retail bakery chain and believes that franchises are so commonplace,straightforward and use standardised contracts that he does not require expensive legal advice.His beliefs are well-founded.

Question

Quizplus · Accepted Answer

Although franchises may be commonplace and use standardized contracts, it is still important for an entrepreneur to seek legal advice before entering into a franchise agreement. There may be specific clauses or details that vary from franchise to franchise, and a lawyer can advise on potential legal issues or liabilities.

An Entrepreneur Is Preparing to Enter into a Franchise Agreement