A manual utilized by franchisors to systematize, document, and communicate operational protocols, systems, and operating procedures for training franchisees and establishing business operations.

A percentage of sales or a fixed recurring payment, typically remitted monthly or quarterly, in exchange for brand usage rights and the array of services provided by the franchisor, including training, assistance, marketing, and advertising.

A manual utilized by franchisors to systematize, document, and communicate operational protocols, systems, and operating procedures for training franchisees and establishing business operations.

The franchisor grants a company the right to use the franchise in a large geographical area, such as a continent or an entire country. The master franchisee can further expand by granting sub-franchises within their designated territory.

An "area developer" is an individual or entity that obtains the rights from a franchisor to develop and operate multiple franchise units within a designated geographic area over a specific timeframe. The Area developer is prohibited from sublicensing the franchise to third parties. Their primary focus lies in establishing a predetermined number of units within the agreed-upon geographic area.

The franchisor or master franchisee grants a company or individual the right to operate a specific number of franchise units within a defined geographical scope. The multi-unit franchisee can only open new units within the agreed-upon scope of the franchise agreement.

The franchisor or master franchisee authorizes a company or individual to operate a franchise in a single, limited geographic location. The individual franchisee is not permitted to expand or open additional units unless a new franchise agreement is signed.

A natural or legal person who is granted a franchise under a franchise agreement; this shall include the sub-franchisee with respect to their relationship with the master franchisee.

It is a person or a firm that helps entrepreneurs by providing them with mentorship and fundraising opportunities. 
• See Also: Incubator