To Protect a Franchisor's Reputation, a Franchise Contract May Provide

question 17

True/False

To protect a franchisor's reputation, a franchise contract may provide a degree of control over the franchisee's operation to the franchisor.

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Definitions:

Definite Terms

The clear and specific conditions included in a contract that describe the rights and obligations of each party.

Serious Intent

The genuine intention to engage in a legal agreement or action, implying that the party has a real interest in following through.

Effective Offer

A proposal that clearly outlines the terms and conditions of a contract, legally binding once accepted.

Shrink-wrap Terms

The conditions and terms of use that are included with a product's packaging and are accepted by breaking the shrink-wrap or seal.