Tooltips Archive - Page 18 of 32 - The Franchise Trainer
English عربي
View Our Blog
December 21, 2019
Gross Sales

The total turnover of a franchised unit which includes all sale transactions without any deductions of costs or promotions.

Read More
December 21, 2019
Governing Law

The legal system of a mutually agreed upon jurisdiction which govern the interpretation and enforcement of the terms of the franchise agreement.

Read More
December 21, 2019
Goodwill

The value of the intangible assets such as brand name and corporate image, reputation, market position, proprietary products and services, customers loyalty, and related intellectual property rights that the franchisor has built or developed over the years.

Read More
December 21, 2019
Good Standing

Timely compliance by the franchisee and its affiliates with all provisions of the franchise agreement and the operating manual and the timely payment of amounts owed by the franchisee to the franchisor and/or its affiliates.

Read More
December 21, 2019
Good Cause

A legal term which means adequate or substantial grounds or reason to take an action by the franchisor or the franchisee regarding the termination of the franchise agreement.

Read More
December 21, 2019
Going-Concern Franchise

A franchise format where the franchisor develops, establishes, and operates a specific corporate-owned unit until such time it can be sold at a premium a higher franchise fee to a qualified franchisee after taking the initial risk of launching the business and after proving that the unit is successful. In this case, the franchise price […]

Read More
December 21, 2019
Geographical Clustering

An expansion strategy by emerging franchisors to group the franchised locations in a specific area or region close to its HQ and main corporate locations to optimize support to franchisees and overcome challenges related to supply chain and sourcing of proprietary products.

Read More
December 21, 2019
Full Disclosure

The requirement for the franchisor and the franchisee to be fully transparent about any issues pertaining to the franchise deal.

Read More
December 21, 2019
Full Business Format Franchise

An arrangement where a franchisor teaches to the franchisee the entire business format and systems methods, techniques, processes, procedures and applications of management and operation, job and product knowledge, trade secrets, quality control, annual, launch and local store marketing and advertising programs, book keeping, accounting, financial planning and administrative procedures. Furthermore, the franchisor provides support […]

Read More
December 21, 2019
Franchisor

A situation where the liquidator takes control of the franchisor company and where franchisees must continue to abide by the franchise agreement, follow the business system and pay royalties and other ongoing fees. The liquidator will endeavor to sell the business and associated rights and may offer it to an existing franchisee or a group […]

Read More
Open chat
1
Hi, How can we be of help today?
Skip to content