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ntethelelo khayelihle
on Nov 09, 2024

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Identification of risks, fees, benefits, and restrictions of operating a franchise would be included in the ______.

A) disclosure statement
B) franchise agreement
C) franchise contract
D) purchase agreement

Disclosure Statement

A legal document that outlines the critical information and facts a consumer or investor needs to know before making a decision.

Franchise Agreement

A franchise agreement is a legal, binding contract between a franchisor and franchisee, outlining the terms, rights, and responsibilities of both parties regarding the operation of the franchise.

Operating a Franchise

The act of running a business under the branding and operational model of an established company, typically with an agreement dictating terms and conditions.

  • Understand the role of disclosure statements in franchising and the mandated requirements.
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TJ
Tamara JohnsonNov 13, 2024
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