Which statement about buying a franchise is most accurate? Franchise agreements are simple to evaluate, since federal law requires that all such agreements must be written in plain English with no need for attorney review. Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market. Buying a franchise is the simplest and least expensive way to set up a business, since the franchisor has already worked out all of the details for setting up and running the business. One of the advantages of buying a franchise is that franchisors are so closely regulated that there is virtually no chance for scams to succeed