What are the pros and cons of buying a franchise

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Reference no: EM133558853

Assignment:

Manty entrepreneurs decide to get into business by buying a franchise. Answer the following questions about franchises.

1. What is a franchise?

2. What are the pros and cons of buying a franchise?

3. Look up the Minnesota statutes governing franchises and answer the following questions. Cite the exact statute, including section and Paragraph for each answer:

A. Can a franchisor block the sale of a franchise when the franchise has meet the current requirements and standards of the franchisor?

B. What printing requirements are there on the franchisor's public offering statement to show that registration with the state does not constitute the state's approval or recommendation?

C. How many days in advance of signing a franchise agreement must the franchisor have given the prospective franchisee a copy of the franchise offering?

D. How soon must a franchisor stop advertising if it has been found that the advertising was false or misleading?

2. Conduct case research in Westlaw find at least one case involving a franchise agreement dispute in MN between the franchisor and the franchisee. It should not involve an outside agency or taxes. Give a synopsis of what the case was about, what laws were at issue, and what was the outcome. Do you think the decision was correct?

Reference no: EM133558853

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