Your client, Wright LLC, is a group of members who have invested money together in order to find a franchising opportunity that will turn a profit. The LLC wants advice on what franchise they should pursue to apply. Locate one franchise opportunity from successful corporations educate your client on the following:

• Describe the franchise type.
• Briefly summarize the franchise application process.
• The Federal Trade Commission (the federal administrative agency empowered to regulate franchising) has an FTC franchise rule. This rule requires franchisors to make full presale disclosures to prospective franchisees. Briefly summarize any initial fees or any sales or earnings projections provided by the franchisor.
• Are there any licensing or royalty fees? If so, what are the rates?
• In your own assessment, how unique and/or popular are the franchisor's legal marks (trademarks and service marks) and potential trade secrets? Are they worth any licensing fee?
• When, if at all, does the franchise agreement end?