A _________ is a contractual arrangement between a franchisor and franchisee that spells out the duties and responsibilities of both parties.
A)Franchise Disclosure Document (FDD)
B)franchise agreement
C)business format agreement
D)dealership agreement

Question

Quizplus · Accepted Answer

A franchise agreement is a legally binding document that establishes the terms and conditions of the franchise relationship between the franchisor and franchisee. It outlines the obligations and responsibilities of both parties, including the use of the franchisor's trademarks, payment of fees, and confidentiality agreements. The Franchise Disclosure Document (FDD) is a separate document that provides detailed information about the franchisor and the franchise opportunity, while a business format agreement and dealership agreement are different types of contracts used in other business arrangements.

A _________ Is a Contractual Arrangement Between a Franchisor and Franchisee