Question

In your own understanding why is the implementation of Franchise Disclosure Law is very important? MINIMUM OF 100 WORDS

Answer 1

The implementation of the Franchise Disclosure is very important as it keeps the best interest of all the parties in mind.

Whenever an individual is applying for a franchise of a particular master brand, he must go through the Franchise Disclousre document which will be sort of a dilligence check.

It will help in ascertaining the operational history of the company, and gives legal recourse if the information is misleading

You will understand about the business and the people who created it, It will give you information about any legal issues that the company is involved in, which could cause potential disruptions, showcase if the company has been bankrupt in the last 10 years

It will provide a detailed explanation of the standards and procedures involved and help set out the expectations