The document that consummates the sale of a franchise is called the ________.

Question

Quizplus · Accepted Answer

The franchise agreement is the contract that formally finalizes the sale of a franchise. The franchise disclosure document provides information about the franchise, but does not consummate the sale. The license agreement and uniform franchise contract are not commonly used terms in the franchising industry, and the franchise circular is simply another term for the franchise disclosure document.

The Document That Consummates the Sale of a Franchise Is