A legal agreement between two parties in a franchise arrangement is referred to as a
A) master license.
B) franchise contract.
C) requirements contract.
D) franchise consent draft.

Question

Quizplus · Accepted Answer

The legal agreement between two parties in a franchise arrangement is called a franchise contract. This contract outlines the terms and conditions of the franchise agreement, including the rights and responsibilities of each party, fees, training, and support provided by the franchisor. The contract also covers the use of trademarks, advertising, and other important aspects of the franchise system.

A Legal Agreement Between Two Parties in a Franchise Arrangement