What Is a Franchise? What Are the Two Basic Forms

question 91

Essay

What is a franchise? What are the two basic forms of franchising? List two benefits of franchising to a franchiser and two to a franchisee.

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Definitions:

Improper Financial Motive

involves pursuing financial gain in unethical or illegal ways, often compromising moral or regulatory standards.

Beneficiary's Rights

The entitlements or claims a beneficiary has by law or under the terms of a contract, such as a will or insurance policy.

Dissociation

In partnership law, the change in the relation of the partners caused by any partner ceasing to be associated with the carrying on of the business.

Malfeasance

The performance of a wrongful or unlawful act, especially by a public official.