Examlex
If Option 1 costs $120 and Option 2 costs $90, then the differential cost is $210.
Prospective Franchisee
An individual or entity considering the acquisition of a franchise license to operate a franchised business.
Reasonable Basis
Reasonable basis is a standard in law and finance that suggests a belief or action is supportable based on the facts and evidence available at the time, implying due diligence was exercised.
Limited Legal Liability
A legal status in which an individual's financial responsibility for a business's debts or obligations is restricted to a predetermined amount, usually limited to their investment.
Small Business
An enterprise with limited revenue and a small number of employees, as defined by government standards.
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