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Contracts Between a Franchisee and Franchisor Outline the Terms of the Relationship

question 50

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Contracts between a franchisee and franchisor outline the terms of the relationship and should outline:


Definitions:

Foreign Corrupt Practices Act

A U.S. law that prohibits American companies and their subsidiaries from bribing foreign officials to retain or obtain business.

Fines

Monetary penalties imposed as punishment for breaking laws or regulations.

Domestic Concern

Matters or businesses pertaining to the internal affairs or operations of a specific country.

UN Commission on International Trade Law

A legal body established by the United Nations to promote the harmonization and unification of international trade law.

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