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 legal contract that outlines the specific terms, conditions, and obligations of both the franchisor and franchisee. It covers various aspects such as the use of intellectual property, training, support, and ongoing fees. The agreement doesn't guarantee either party will make a profit or require approval by the Toronto Stock Exchange.

The Franchise Agreement Is BEST Described by Which of the Following