Phil Atkinson recently entered into an agreement with Sonic to open seven Sonic Fast-Food Restaurant franchises. According to the agreement that Phil entered into, he has the right to open up to seven Sonic Fast-Food Restaurant franchises within the city limits of Portland, Oregon. Phil has entered into a(n):

Question

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Phil has entered into an area franchise agreement, which grants him the right to open multiple franchises within a specific geographic area (in this case, within the city limits of Portland, Oregon).

Phil Atkinson Recently Entered into an Agreement with Sonic to Open