Franchise Terms: Explained

  • An individual who purchases the right to operate a business under the Advance Computer Education Center name and system.
  • Advance Computer Education Center allows individuals to start and run a business using its trademarks, products and processes, usually for a fee.
  • The initial fee paid to a franchisor to become a franchisee, outlined in Item 5 of the Franchise Disclosure Document (FDD).
  • All franchisors are required by the Federal Trade Commission to provide this legal document to prospective franchisees.
  • The written contract, included in the FDD, which outlines the responsibilities of both the franchisor and the franchisee.
  • This spells out the length of time that your franchise agreement is valid--usually anywhere from five to 20 years. At the end of your term, if you are a franchisee in good standing, most franchisors will allow you to renew your agreement for a percentage of the then-current franchise fee.

Contact for Franchise: