In this scenario, you are serving as an attorney for a client who is interested in buying a franchise.
1) You have explained to your client what a franchise, franchisor and franchisee is in detail, however, before proceeding you want to ensure that your client has fully thought the decision through and is well informed. You plan to begin by asking your client the questions below.
- What are your reasons for buying a franchise?
- Are you interested in retail sales or performing a service?
- Most franchises are for at least ten years. Are you in this for the long term?
A) Based on the material you read in the unit, add a new and unique question (different than your peers) to the list above. Your question should be an important factor in evaluating franchise terms.
B) Discuss why you think your question is important?