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A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area. In exchange, the other party typically pays some price as well as agreeing to take on some or all of the responsibility to train and support new ...
The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
According to a 2012 article in Innovations, a peer-reviewed academic journal, microfranchising "has its origins in Bangladesh’s system of community health promoters, or shasthya shebikas in Bengali, which is the core of BRAC’s approach to providing low-cost health care."
A franchise agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule . [ 1 ]
As the master franchise for the continent, the company is responsible for licensing new operators, opening its own stores and performing standards oversight of franchised locations in Australia. At the end of Burger King's 2012 fiscal year, Hungry Jack's is the largest Asian/Pacific franchisee of the chain with 347 restaurants either directly ...
Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more. This article originally appeared on USA TODAY: Super Bowl date gets later as NFL conquers American ...
U.S. Franchise Systems was a franchise company that owned Microtel Inns and Suites and Hawthorn Suites. [1] It was founded in 1995 by Michael A. Leven and his nephew Neal Aronson . In March 1996, the company acquired the franchise rights to Hawthorn Suites, and acquired full ownership of the brand on March 12, 1998.
Master franchise in the Philippines is owned by a local company associated with George Yang. [15] Mixue Ice Cream & Tea: 2023 Chinese-based Ice cream and frozen dessert shop. [16] Orange Brutus Fast Food: 1980 Brutus Food Systems Inc. One of first fastfood burger chain in Cebu [17] Pancake House Casual dining: 1974 Max's Group: Peri-Peri ...