Resources
Burnsville Publisher Named National Trainer For Franchise Group
Local business owner/publisher Kevin Stirtz has been selected by Coffee News USA as a national trainer for their franchise group. As a part of the national training team, Stirtz will work with other Read more...
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Resources
Franchise Entrepreneurs - Buying Yourself A Job?
By Marius Tesselaar
A Franchise Opportunity - What Is This Exactly?The best way to describe a franchise is to imagine it as a business that is delivered to you in a box at a certain cost and after Read more...
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Resources
Franchise For Newbies
The effects of franchisingon modern businessConsumers everywhere love the consistency that comes from shopping in afranchised business. From the cleanliness of the rooms at a Courtyard Read more...
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All About Franchise
By Keith George
Franchise according to the dictionary means “Granting authorization to someone to sell or distribute a company´s goods or services in a certain area or certain places”.
Franchise is a license granted by a company or firm on certain terms and conditions to an individual or firm to operate a retail outlet in a specified area or place. The company or firm which grants the license is called as franchisor, where as, the individual who accepts the terms and conditions to operate a retail outlet is called as franchisee. Here the franchisee agrees to use the franchisors brand name, products, services, promotions, selling methods, add display and distributions on certain terms and conditions. The franchisee pays a fee to the franchisor for the license to sell its products, services or goods.
This type agreement helps both parties, the franchisor gets new area to establish business where as the franchisee will get already developed brand products and having no guess work about what to do, because all development and decisions are made by franchisor and everything is laid out, step by step, with nothing missing or left to chance and it all works with precision.
The Legal Aspects of Franchising
In legal terms is a contract. The franchisee is usually granted an exclusive territory in which he or she is the only distributor of the particular products or services in a specified place. The franchisor is obligated to assist the franchisee through advertising, promotion, research and development, quantity purchasing, training and education
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