Consider the following code which is typcial of many ChannelFactory examples:
WSHttpBinding myBinding = new WSHttpBinding();
EndpointAddress myEndpoint = new
As you know, the ChannelFactory creates the client channel based on configuration. You may want to create multiple client channels from an existing factory (to the same endpoint as that is locked). If you're done using the factory to create channels, there is no reason not to close it.
But, why might you want to keep it open? Here's an interesting article on WCF clients that says:
Checking the value of the System.ServiceModel.ICommunicationObject.State property is a race condition and is not recommended to determine whether to reuse or close a channel.
Rather than reuse a channel, you might want to simply create a new one with the channel factory. More on the client architecture is here.