Contract Law Protects the Sale of Duds to the Public
Small Business Administration (59 replies) Mon, 2007/07/02 - 12:59
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Contract Law Protects the Sale of Duds to the Public
FA terms of the contract together with a government UFOC protect franchisors who sell Duds to the public and the SBA guarantees loans on these Duds.
It is not surprising therefore that the courts protect the contract terms that protect those who are selling the duds. The Courts are not concerned as to whether or not the franchise is a dud and only concerned that contract law is upheld.
This process apparently supports the regulatory policy that is set at federal level by the Executive in the interests of stimulating the economy though investment in small business.