Identify/define and Explain the Significance of the Following: Enclosures

question 27

Essay

Identify/define and explain the significance of the following: enclosures.

---

Definitions:

Termination Provisions

Clauses within contracts that detail the conditions under which the agreement may be ended by either or both parties.

Franchise Contract

A legal agreement where a franchisor grants the franchisee the rights to use the brand, operating systems, and products or services of the franchisor for a specified period.

Laws Governing

The body of laws and regulations that establish the rules and standards applicable to specific areas, activities, or sectors.

Trademarks

Icons, titles, or expressions that are legally recognized or adopted through usage to signify a corporation or merchandise.