Common Terms (continued)
{"Image DocumentName": "Common Terms (continued)", "Image ImageDescription": "Protected Territory: A designated area or geographic boundary granted to the franchisee by the terms of a franchise agreement. The franchiser promises not to open another franchised or company-owned business of a similar nature within the franchisee s protected territory. Qualification Questionnaire: A document prepared by the franchiser to be completed by the prospective franchisee, which provides initial information to the franchiser in order to assist in determining whether or not the prospect is capable and motivated enough to own a franchise. Often a financial statement is included in the questionnaire format. Registration: A requirement in several states that specific information be submitted and approved by state regulatory authorities before franchises may be offered in that state. It is quite extensive in the information required and may ask for: a bond, fingerprints and pictures. Start Up Costs: The required amount of money the franchiser will request that a new franchisee have to invest in the new franchise unit in its earliest stages of development. Total Investment: The amount of money estimated for complete set up of a franchisee s business, including the initial investment, the working capital, and any additions to inventory and equipment deemed necessary for a fully operational and profitable business. UFOC - Uniform Franchise Offering Circular: Provides background information in over 20 categories as well as a copy of the proposed franchise agreement. Also know as, the Circular , Offering Circular and Disclosure Document . \u00a9 2005 PRIME FRANCHISES.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}