What is the legal purpose of the Uniform Franchise Offering Circular (UFOC) and the Franchise Agreement? What was your understanding about buying a franchise prior to reading the course materials this week? What is the Federal Trade Commission’s Rule 436? Is it necessary to hire a lawyer when contemplating the purchase of a franchise? Why or why not? How might you identify if the cost of a franchise is a good value or not? What are some of the advantages and disadvantages of buying a franchise?
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