Franchise Agreements And Their Effect On Electronic Commerce

Franchise agreements allow another to trade on the goodwill and reputation of another to engage in commerce. Franchise agreements are being used more prominently in electronic commerce; however the general contract principles apply. Contracts should avoid the use of ambiguities and should have clear interpretations.

The following questions have been addressed in this article:

What are some necessary elements that should be included in the franchise agreement?
How should the franchise be investigated prior to investing?

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