A Franchise Agreement May Not Include

question 309

Multiple Choice

A franchise agreement may not include:

• A) restrictions on territorial rights
• B) the right of parent company to terminate agreement any time without compensation
• C) a fixed payment up front (all payments must be royalties based on sales)
• D) controls on the use of the trade name or trademarks involved
• E) all of the other choices may be included

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Definitions:

Mail Delivery

The system of transporting and distributing letters and packages from senders to recipients.

Processing Time

The amount of time taken to complete a particular process, task, or operation.

Same Day Value

Bank makes proceeds of cheques deposited available the same day before cheques clear.

Cheques Deposited

The process of placing cheques received into a bank account to be processed and the funds credited to the account holder.