What rights do franchisees have during the term of the franchise agreement?

Franchisees in North Carolina have many rights while they are under the terms of a franchise agreement. These rights include the right to use the trademark or logo, to access the franchisor’s assistance, resources, and information, and to follow any rules and regulations set by the franchisor. Franchisees also have the right to receive an annual financial report from the franchisor. This report will detail the franchisor’s financial performance and allow the franchisee to monitor the success of their contract with the franchisor. Franchisees also have the right to competitive pricing and other advantages that are spelled out in the terms of the franchise agreement. Another right franchisees have is the right to terminate or renew their agreement according to the terms of the agreement. Franchisees can also choose to transfer their franchise to a new owner as long as all parties agree to the terms and conditions of the transfer. Finally, the franchisee has the right to receive a fair and honest relationship with the franchisor. This means they should receive adequate training and support, fair treatment, and access to resources in order to successfully run their business. Overall, franchisees in North Carolina have a number of rights under the terms of a franchise agreement. These rights are designed to provide franchisees with the tools, resources, and information necessary for a successful and rewarding business relationship with their franchisor.

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What rights do franchisees have during the term of the franchise agreement?

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