Question

Matching please

The exercise of reasonable care in the evaluation of a business fair market value The party in a franchise contract that specifies the methods to be followed and the terms to be met by the other party due diligence A detailed statement that provides the accepted format for satisfying the franchise disclosure requirements of the FTC franchise contract The legal document between a franchisor and a franchisee (Franchise Disclosure Document A rule that prescribes that the franchisor must disclose certain information to prospective Franchise Rule A business model involving a business owner who licenses trademarks and methods to an independent entrepreneur An entrepreneur whose power is limited by a contractual relationship with a franchising franchisor franchise

Answer 1

The exercise of reasonable care in the evolution of business opportunity- due diligence

The party in a franchise contract that specifies the methods to be followed and the terms to be met by other party – franchisor

The detailed statement that provides the accepted format for satisfying the franchise disclosure requirement of the FTC – Franchise disclosure document

The legal document between a franchisor and a franchisee- franchise contract

A rule that prescribes that the franchisor must disclose certain information to prospective franchisees- Franchise rule

A business model involving a business owner who licenses trademarks and methods to an independent entrepreneur – Franchise

An entrepreneur whose power is limited by a contractual relationship with a franchising organization – Franchisee

Explanation:

Every parties involving in business opportunity has the responsibility to exercise reasonable care and it is known as due diligence. Franchise is a type of business model in which a business owner who licenses trademarks and methods to an independent entrepreneur and the entrepreneur’s power is limited by a contractual relationship with a franchising organization. An agreement is formed between the franchisor and franchisee known as the franchise contract. Franchisor that specifies the methods to be followed and the terms to be met by other party and the franchisee follows the same. Franchisee disclosure document is formed that provides the accepted format for satisfying the franchise disclosure requirement of the FTC. The franchisor should follow the franchise rule which prescribes that the franchisor must disclose certain information to prospective franchisees. Fair market value is the price in which a property can be sold in the open market.