Embarking on restaurant franchising is an appealing path to growth, although the route contains twists and turns requiring specialized navigation. Besides the everyd…
Scottsdale, AZ – Franchise Consulting Lingo: Area Development Agreement
Continuing with our series of franchising terms and definitions, today we’re talking about the Area Development Agreement.
In an area development agreement, the franchisor grants exclusive development rights for a particular geographic area to an area development investment group or an area developer. In return for the rights to an exclusive territory, th…