What is a term?

What is a term?

What is a term?


Owning a house or an independent business is a bit different from owning a business format franchise. A franchise is a license to use the intellectual property including systems, branding, and know-how of the franchisor for a certain period of time. We are in a world that changes regularly, and a term allows the franchisor the ability to change the way the business operates every term with changes to the franchise agreement. We give 5-year terms to franchisees.

After 14 years in business, we are still issuing 5-year franchise agreements, and it is our intention at the time you are reading this manual to be operating in this manner for the foreseeable future.