Further terms in franchising
Franchise - license (right) justifying the Franchisee to operate the marketing concept of the franchisor in his or her own name and own account
Franchisor – provider of the franchise
Franchisee - Franchise recipient
Franchise agreement - long-term agreement governing the basic relationship between franchisor and franchisee
Franchise Package - set of rights, knowledge and additional benefits provided by the franchisor, it allows to operate franchise
Franchise fees - fees paid by the franchisee
Franchise Network - linking business and organization of the franchisor and its franchisees, coordinated and supported by the franchise headquarters
Master franchising – franchising in a country operated internationally
Master Franchise - franchise license for the territory of a foreign country (usually for the entire territory)
Master Franchisor - the concept of granting the franchise abroad
Master Franchisee - local franchise holder of the license granted by foreign franchisor
Master franchise agreement - an agreement governing the basic relationship between the master franchisor and master franchisee