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Asked by Zachary Whetstone on May 18, 2024

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Case law governing franchising emphasizes the importance of good faith and fair dealing.

Case Law

Law established by previous court decisions and based on precedent rather than statutory laws.

Franchising

A method of doing business wherein a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.

Good Faith

A principle referring to the honest intention to act without taking an unfair advantage over another party.

  • Acquire an understanding of the legal rights and duties pertaining to franchisees, with a focus on wrongful dismissal and the necessity of maintaining integrity.
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Vanessa LopezMay 24, 2024
Final Answer :
True
Explanation :
Franchise relationships are governed by principles of good faith and fair dealing, which are often emphasized in case law to ensure that both franchisors and franchisees engage in honest and fair practices throughout the duration of their agreement.

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