Franchise terms
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Sneha Santra May 06 2019 - 4 min readIf you’re a novice to the franchise system and are thinking of owning your first franchise, research is extremely important while exploring various franchise opportunities. However, while conducting your research, you will come across many terms which might be difficult to understand for a newbie. Understanding basic franchise lingo will help you better grasp the ...
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Sneha Santra Oct 18 2018 - 4 min readWant to venture into franchising business? First, familiarize yourself with A to Z of Franchising. Area Franchisee A franchisee who has acquired exclusive rights to open franchise units within a defined territory, usually on a schedule or timeline set at the time of signing an agreement. Breakeven A breakeven period is considered as the time ...
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Shahram Warsi Jul 06 2018 - 2 min readCommon Franchise Terms Franchise: A license that describes the relationship between the franchisor and franchisee including use of trademarks, fees, support and control. Franchisor: A parent company that allows individuals to start a business, using their trademarks, products, and processes, usually for a fee. Franchisee: A person who purchases the right to operate a business under ...