V

Validation is the process where a prospective franchisee speaks with existing franchisees to assess a franchise opportunity.

Vendor agreements are contracts between the franchisor and third-party suppliers to provide goods and services.

A virtual franchise operates primarily through online platforms, offering services without a physical location.

A value proposition is the unique benefit that a franchise offers to customers and franchisees.

A vested interest is a stake or ownership in a business that provides the holder with financial benefits.