Common Terms You Need to Know Before You Buy a Franchise in Broadbeach Waters

COMMON FRANCHISE TERMS:

Before You Buy a Franchise in Broadbeach Waters

UNDERSTANDING THE COMMONLY USED TERMS HERE will give you a better grasp of the ins and outs of franchising and help you make an informed and confident decision when choosing the right business for you.

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Franchisor

• The parent company that grants individuals the right to operate a business using their trademark, products and processes.

Franchisee

• The individual granted the right to operate a business using the franchisor’s name and method of operation.

Franchise Code of Conduct

• The Franchising Code of Conduct is a set of rules that control the conduct of the franchisees and the franchisors.

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Franchise Disclosure Document

• The franchisor has to prepare a disclosure document which has to be provided to the potential buyer before signing of the purchase agreement.

Franchise Agreement

• It is a legally written contract signed between the franchisor and the franchisee.

Franchise Fee

• The franchise fee is the initial amount paid to the franchisor by the franchisee.

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THUS WHEN YOU ARE PLANNING TO BUY A FRANCHISE FOR SALE IN BROADBEACH WATERS, you must ensure that you are aware of all the common terms to avoid confusions and delays.

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IMAGE SLIDE TO FIND RELIABLE AND PROFIT-GENERATING BUSINESS OPPORTUNITIES IN BROADBEACH WATERS, EXPLORE HERE: https://www.business2sell.com.au/businesses/qld/gold-co ast/broadbeach-waters/franchise 1300 556 121 WOODGROVE BANK

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