Examlex
End users from high power distance cultures may have difficulties expressing what they want for fear of offending their bosses.
Implied Covenant
A legal promise that is not expressly stated but is considered a fundamental part of a contract to ensure fairness and honesty.
Good Faith and Fair Dealing
An implied contractual obligation to act honestly and fairly towards the other party, avoiding taking unfair advantage in a transaction.
Franchise Territory
The specific geographic area granted to a franchisee by the franchisor in which to operate and market the franchised business.
Franchise Termination
The legal ending or discontinuation of a franchise agreement, often involving specific conditions or procedures.
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