Good faith and fair dealing are important in terminating a franchise relationship.

Question

Quizplus · Accepted Answer

Good faith and fair dealing refer to the obligation of both parties, franchisor and franchisee, to act honestly and fairly with each other in the termination of a franchise agreement. This includes providing reasonable notice, following the requirements of the agreement, and not acting in a deceitful or underhanded manner. Failure to adhere to good faith and fair dealing can result in legal consequences.

Good Faith and Fair Dealing Are Important in Terminating a Franchise