A disclosure statement should include a description of the lawsuits in which the franchisor and its officers, directors, and management personnel have been involved, also known as ______.
A) litigation
B) justification
C) intellectual property
D) legal obligations

Question

Quizplus · Accepted Answer

Litigation refers to the process of taking legal action, which includes lawsuits. Therefore, a disclosure statement mentioning the lawsuits involving the franchisor and its key personnel would describe their litigation history.

A Disclosure Statement Should Include a Description of the Lawsuits