Which of the following establishes how a franchise agreement will be terminated?

A) The franchise agreement
B) The Uniform Franchise Termination Act
C) The Franchisor-Franchisee Protection Act
D) The Franchisee Protection Act
E) The Uniform Commercial Code

Franchise Agreement

A contract whereby a company (the franchisor) grants permission (a license) to another entity (the franchisee) to use the franchisor’s name, trademark, or copyright in the operation of a business and associated sale of goods in return for payment.

Termination

The act of ending something, such as employment or a contract, often following a specific procedure or due to certain conditions being met.

Uniform Franchise Termination Act

A legal statute that standardizes the process and conditions under which a franchise relationship can be terminated.