Tooltips Archive - Page 31 of 32 - The Franchise Trainer
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December 19, 2019
Anchor Store

(Anchor Tenant/Draw Tenant) A sizable key tenant or a well-known retail chain strategically located to generate traffic to a shopping mall.

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December 19, 2019
Amicable Settlement

An endeavor by the franchisor and the franchisee to work together in good faith to reach an amicable resolution of a dispute through friendly negotiations or through referral to an independent mutually trusted mediator.

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December 19, 2019
Al-Raffd Fund

Founded in 2013 Al-Raffd Fund is an Omani financial organization supporting the entrepreneurial growth with a mission to provide simple, quality financing for varied business needs.

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December 19, 2019
Agreement Term

The duration of the franchise agreement during which the franchisee can use the franchisor’s tradename & marks, know-how, business systems.

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December 19, 2019
Agreement Expiration

The ending of the franchise agreement at the end of a defined term where the franchisees have post-termination obligations that he must fulfill to protect the franchisor’s intellectual property rights in the market area.

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December 19, 2019
African Development Fund

(ADF) a financial provider to African governments and private companies investing in the African countries, with a mission to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.

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December 19, 2019
African Development Bank

(AFDB) is a multilateral development finance institution focusing on economic transformation and building links among African countries by investing in infrastructure, roads, power transmission lines, pipelines, and communications networks.

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December 19, 2019
Affiliate

A term used in the franchise agreements which means any entity or person which holds or controls, directly or indirectly, 50% or more of the shares carrying the right to vote at a general meeting, or its equivalent, of the franchisor or the franchisee.

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December 19, 2019
Advertising Fund

A fund managed by the franchisor and its franchisees to support regional or national advertising programs.

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December 19, 2019
Advertising Fee

Calculated as a percentage of the total turnover generated by the franchisee, advertising fee is an ongoing payment by the franchisee to the franchisor as a contribution to the cost of the provision of advertising supports.

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