Business & Franchise Lawyers
Since 1996

Call Today for Help
(800) 976-4904
Contact Form

Chapter 1 Lesson 2: 5 Important Franchise Terms to Know When Buying a Franchise

When buying a franchise you will become involved in a legal and business due diligence process – and along the way, there are some important “terms” that you will need to know. In this video, Charles Internicola discusses important franchise terms that you need to know as you progress through this video series and in the franchise purchasing process.

In this video you will gain a better understanding about terms such as:

  • What it means to be a “franchisor”;
  • The significance of becoming a “franchisee”;
  • Why you need to know about “protected territories” and whether or not you will be getting one;
  • What is a “franchise fee”; and
  • What are “royalties”.

What is the Franchisor / Franchisee Relationship?

Watch Lesson 3 here.

Buying a Franchise University Table of Contents

Back to Table of Contents

Success Stories

Shuhash Bhavsar
Office Evolution

Bob Levitt
Lobster Joint

Michael Burke