Question

An entrepreneur has purchased a gym franchise and been very disappointed in the results. The franchise has not earned what the entrepreneur had hoped, and the entrepreneur has needed more support than the franchiser has to offer. In addition, there is far more management and paperwork involved than the entrepreneur expected, so she is finding that running a gym is just not what she wants to do. She has decided to close the club when her franchise expires in six months and open a yoga studio instead. Explain what a fiduciary duty is and give two examples of what the franchisee would need to do to uphold her fiduciary duty in the remaining six months.

Answer 1

She would sell the gym and open a yoga franchise