Franchise Glossary

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acknowledgement of receipt

advertising co-op

advertising commitment

advertising contribution

advertising fee

advertising fund

agent

approval consent

approved supplier / vendor

area representative

assignment

bona fide wholesale price

breakaway franchisee

bundle of rights

business broker

business format franchising

business opportunity laws

business valuation

buy back option

camera ready advertising

cash flow projections

commitment agreement

company owned outlet

competing operation

comprehensive franchising

conversion franchising

copyright

covenant of good faith fair dealing

covenants against competition

decision making matrix

default

deferred balance

designated supplier vendor

development agent

development agreement

development fee

development rights

development schedule

disclosure document

dual distribution

equity interest

Equity Investment

estimated initial investment

exclusive territory

expiration of term

facility

Family Expenses

FDD

federal trade commission FTC

field representative

financial forecast

financial performance representation

first personal meeting

forum selection

fractional franchise

franchise

franchise agreement contract

franchise broker

franchise coach

franchise company

franchise consultant

franchise disclosure document

franchise disclosure laws

franchise owner

franchise relationship laws

franchise representative

franchise sales material

franchise salesperson

franchised outlet

Franchised Unit

franchisee

franchisee advisory board

franchisee association

franchisee franchisor relations

franchisee training

franchisee validation

franchisor

FTC advisory opinion

FTC disclosure document

FTC franchise rule

full time work requirement

good cause

goodwill

group purchasing power

guarantee

household cash flow

independent contractor

initial cash required

initial investment

injunction

international franchise association IFA

international franchising

joint and several liability

lanham act

lease security payment

letter of intent

licensee

licensor

location

logotype

manager operated run

master franchisee

maximum investment level

minority business enterprise MBE

multiunit franchisee

mutual evaluation process

net worth

non compete clause

offering circular

offering prospectus

operating controls

operations manual

per se

personal living expenses

pre opening promotion

preferred lender

principal register

product liability

product specifications

product standardization

profit projections

prospectus

protected territory

public offering prospectus

purchasing power

pure franchising

quality control

reasonable request

registration state

relevant market

renewable option

renewal

right of first refusal

SBA certified bank

SBA guaranteed loan

service franchising

site

standardized operating procedures SOP

state franchise laws

supplemental register

termination legislation

territorial restrictions

total investment

trade name

trademark

Training Expense

transfer rights

turn key operation

1 2 Next »

uniform franchise offering circular UFOC

unilateral termination

venture capital

vertical restraints

vicarious liability

vision statement

waiver

working capital

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