Tooltips Archive - Page 5 of 32 - The Franchise Trainer
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December 21, 2019
Supporting Small and Micro Businesses Through Franchising™

A proprietary training course authored by Sary Hamway, on the role of SME organizations in supporting small and micro businesses and building a sustainable franchise industry in a country.

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December 21, 2019
Supply Chain

The complete process which must be followed by the franchisees for the flow of goods involved in the production, distribution, procurement and storage of the franchisor proprietary products & services and raw material.

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December 21, 2019
Supply Agreement

An agreement between the franchisor and the franchisee to govern and regulate the purchase and supply of proprietary products, goods and material and any other related operational supplies, equipment and/or material used in the management and operation of the business.

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December 21, 2019
Successor Agreement

An updated version of the expired franchise agreement which was signed between the franchisor and the franchisee to allow the franchisee to continue operating the business in the franchised location or market area.

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December 21, 2019
Sub-franchising

Offering sub-licenses by the master franchisee in the franchised country/area to qualified investors and fully support them in establishing single/multiple unit or smaller area development franchises.

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December 21, 2019
Store or Unit Opening Fees

Fees payable by the franchisee to the franchisor upon the establishment of each additional store in accordance with the terms of the franchise agreement

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December 21, 2019
Store or Unit Opening Fees

An amount to be paid by the country/area developer or master franchisee to the franchisor with the opening of each new location in the market area.

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December 21, 2019
Store or Unit Opening Approval

A separate approval for each store/unit to be executed by the franchisor and franchisee to open and operate, or renew the permission to operate a store/unit in the franchised market

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December 21, 2019
Store or Unit Development Plan

The number of locations expected to be operational in the target territory during the term of the franchise agreement.

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December 21, 2019
Store(s) or Unit(s)

Locations established by the franchisee pursuant to the signing of the franchise agreement for the preparation and selling of the products and services, utilizing the intellectual property rights and know-how in accordance with the operating manual.

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