"A franchise agreement is a legal, binding contract between a franchisor and franchisee."
A conversion franchise is when a business that is independently owned and operated becomes a franchise through an agreement with a franchisor.
Franchise models: An overview of the different types of franchise models and their advantages and disadvantages.
Franchise agreements: The legal document that governs the relationship between the franchisor and franchisee.
Franchise fees: The franchisee's initial and ongoing fees, which are paid to the franchisor.
Site selection: The process of selecting the location for the franchise.
Training and support: The training programs provided by the franchisor to the franchisee.
Marketing and advertising: The franchisor's marketing and advertising guidelines.
Supply chain management: The management of the franchise's supply chain.
Operations management: The management of the franchise's daily operations.
Franchise financing: The process of securing funding for the franchise.
Legal and regulatory compliance: The laws and regulations that govern the franchise industry.
Franchisee qualifications: The qualifications required to become a franchisee.
Franchisee performance metrics: The metrics used to measure franchisee performance.
Franchisee support programs: The support programs available to franchisees.
Franchisee networking: The online and offline networking opportunities available to franchisees.
Franchisee exit strategies: The strategies available to franchisees when it's time to exit the franchise.
International franchising: The opportunities and challenges of franchising in different countries.
Franchise resales: The process of reselling a franchise.
Franchise legal disputes: The legal issues that may arise between franchisors and franchisees.
Single unit franchising: A franchisee signs an agreement to operate a single franchised unit for a specific territory.
Multi-unit franchising: A franchisee signs an agreement to operate multiple franchised units within a specific territory.
Area development franchising: A franchisee signs an agreement to open and operate a specific number of franchised units in a specific geographical area over a specific period of time.
Master franchising: A master franchisee is granted the right to sell franchises in a specific geographical area and has the responsibility to recruit, train, and support the franchisees in that area.
Conversions: Converting an existing business into a franchised business, with the original business owner becoming the franchisee.
Joint venture franchising: A franchisor and a franchisee create a joint venture to operate as partners in a franchise.
Conversion franchising: Existing businesses may convert to the franchised system, taking on the brand and business model of the franchisor.
Co-branding franchising: Two separate brands merge to operate as a single franchised unit.
"Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule."
"The Franchise Rule requires a franchisee be supplied a Franchise Disclosure Document (FDD) (originally called Uniform Franchise Offering Circular (UFOC)) prior to signing a franchise agreement."
"A minimum of fourteen days before signing a franchise agreement."
"Once the Federal ten-day waiting period has passed, the Franchise Agreement becomes a State level jurisdiction document."
"A franchise agreement contents can vary significantly in content depending upon the franchise system, the state jurisdiction of the franchisor, franchisee, and arbitrator."
"It overall provides the investor with a product, a branded name and recognition, and a support system."
"A typical franchise agreement contains... Disclosures required by state laws, Parties defined in the agreement, Recitals, Definitions, Licensed Rights, Franchisors Services, Franchisee Payments, Franchisee Obligations, Relationship of Parties, Transfer of License, Other provisions."
"The Franchise Disclosure Document (FDD) is required to be supplied to a franchisee prior to signing a franchise agreement."
"Licensed Rights, such as Territory, Rights Reserved, Term and Renewal, Minimum Performance Standard."
"Franchisors Services, such as Administration, Collections and Billing, Consultation, Marketing, Manual, Training and Vendor Negotiation."
"Franchisee Payments, such as Initial Franchise Fee, Training Fees, Marketing Fund, Royalties, Renewal fee, and Transfer fee."
"Franchisee Obligations, such as Use of Trademarks, Financial Information, Insurance, Financial and Legal responsibility."
"Relationship of Parties, such as Confidentiality, Indemnification, Non-Compete clauses."
"Transfer of License, such as Consent of franchisor."
"Governing law."
"Amendments."
"Waivers."
"Arbitration."
"Severability."