Having an Attorney Review and Evaluate a Franchise Contract Is

question 50

True/False

Having an attorney review and evaluate a franchise contract is unnecessary since the FTC requires all franchisors to offer a "standard" franchise contract.

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Definitions:

Commercial Tenancies

Legal agreements related to the renting of business property between a landlord and a business tenant.

Risk Reduction

Strategies and actions undertaken to decrease the likelihood of losses or damage from various risks and threats.

Obligations of Bailees

The duties or responsibilities imposed on a bailee (a person or entity temporarily holding property for another, called the bailor) such as safeguarding the property and returning it in good condition.

Environmental Damage

Harm caused to the natural environment due to human actions or natural disasters.