Tennessee Area Development Agreement
Description
How to fill out Area Development Agreement?
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FAQ
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 effect, a master franchisee becomes the franchisor for his territory and is responsible for recruiting and training his own franchisees, whereas in what you call a normal franchise the franchisee simply runs the outlet delivering the product or service.
The Master Franchisee Collects Fees and Royalties Most of the time, the split is 50-50. And if there's financing involved, the Master Franchisee receives a portion of the profit from that.
One popular business model is master franchising. Under a master franchise agreement, the master franchisor grants to the master franchisee a specified area where the master franchisee has the right not only to open franchise units itself, but also to ?sub-franchise? to third parties.
Master franchisors give permission to another person or company to participate in or grant franchises under their business system. This means, for example, they may allow a franchisor to grant and manage franchises in a particular state or territory.
With this agreement, the franchisor ensures that no other franchisee can open a franchise within the same area while your contract is still active. The required development fee is usually non-refundable. A pro-rata basis is also applied when computing for the unit franchise fees of the succeeding franchise units.
Development agreements are contracts negotiated between project proponents and public agencies that govern the land uses that may be allowed in a particular project.
Two very familiar examples of master franchises are Midas® Mufflers and Burger King® restaurants. There are, of course, other businesses that are considered master franchises. A master franchise is different from a regular franchise.