We've found 5 Franchise Agreement tests

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which of the following is NOT a significant drawback of getting into business by entering into a franchise agreement?
franchising is generally considered to be the riskiest option for starting a business
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Which of the following statements about franchising is true? Franchisees typically have the freedom to change menu items at their individual properties. Franchise agreements tend to favor the franchisor. Franchisees typically must pay only initial fees to the franchisor. The franchisor is usually responsible for generating funds to start the business
Franchise agreements tend to favor the franchisor.
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A franchise agreement between Software2 Company and Games3, Inc., is silent on a time for termination of the franchise. Software2 may
c. terminate on reasonable notice.
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A franchise agreement is an arrangement where a franchisor sells the rights to a business name and the right to sell a product of service within a given territory to a franchisee. True Or False
A___________ is an arrangement whereby someone with proven idea for a business sells the rights to use the business model, to sell a product or service to others in a given territory. Select one: a. conditional grant b. franchise agreement c. trade contract d. extended ownership agreement
b. franchise agreement
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The franchise agreement may specifiywhether the premises for the business must be leased or purchased outright.
Business Premises
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individual franchise agreement
involves the sale of a single franchise for a specific location
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similar to area franchise agreement in that it can open and operate a specific number of locations in a particular area, it ALSO has the right to offer and sell the franchise to other people in its area.
area franchise agreement
allows a franchisee to own and operate a specific number of franchises in a particular geographic area
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Most franchise agreements provide that notice of termination of a franchise is not necessary.