The franchise agreement is best described by which of the following?
A) It guarantees that the franchisor will make a profit.
B) It must be approved by the Toronto Stock Exchange.
C) It guarantees that the franchisee will make a profit.
D) It is the contract that details the terms of the franchise.

Question

Quizplus · Accepted Answer

The franchise agreement is a contract that details the terms of the franchise, including the obligations and rights of both the franchisor and franchisee. It typically covers areas such as the fees, royalty payments, training and support, advertising, and termination clauses. It does not guarantee either party will make a profit.

The Franchise Agreement Is Best Described by Which of the Following