Tooltips Archive - Page 21 of 32 - The Franchise Trainer
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December 21, 2019
Franchise Discovery Day

A face-to-face meeting at the franchisor headquarter and/or corporate units between the franchisor and the prospective franchisee(s) where the prospective franchisee(s) learn more about the business concept and franchise model and where the franchisor understands more about the prospective franchisee(s) business background and capabilities to establish and operate the franchised business in their unit(s) or […]

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December 21, 2019
Franchise Disclosure Document or FDD

A legal document presented to prospective franchisees by the franchisor prior to obtaining of a franchise business. It includes important information regarding the franchisor company background, business experience, key executives, litigation history, list of franchised units, franchisor obligations, support and training, and financial status and stability.

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December 21, 2019
Franchise Council of Australia

(FCA) Established in 1983 as a not-for-profit trade association as the peak body for the $182 billion franchise sector in Australia to establish standards of international best practice in business format franchising for Australian franchise systems, provide information and education about franchising to existing and potential franchisees and franchisors, and educate state and federal governments.

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December 21, 2019
Franchise Consultant

A professional advisor who provides expert knowledge to help franchisors develop their franchise model, improve their managerial and operational practices, and expand their business, and to help prospective franchisees and investors obtain franchise rights and start a new business.

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December 21, 2019
Franchise Brokers Association

A membership-based organization founded in 2008 in Orlando, Florida with the purpose of raising the standards of franchise broker and consultants.

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December 21, 2019
Franchise Broker

Individuals, sales agents or franchise marketing companies hired by franchisors to promote and sell their franchise in return for a commission or a success fee.

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December 21, 2019
Franchise Attorney

A specialized lawyer with considerable knowledge and experience in franchise laws, and regulations and customs governing franchising who provides legal representation and advice to franchisor and franchisees.

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December 21, 2019
Franchise Association

A group, made up of franchisors, service providers and sometimes franchisees, which have formed an association whereby they promote ethical franchising, provide education on franchising, and represent the industry to the government, media, and press

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December 21, 2019
Franchise Association of India

(FAI) Formed in the year 2001 as a not-for-profit, FAI is representing the voice of the franchise industry in India and is working to promote franchise education and encourage franchise finance programs.

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December 21, 2019
Franchise Agreement

The legal contract between the franchisor and the franchisee that spells out the terms of the commercial and legal business relationship between them.

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