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Franchisee

A person or company that buys the right to use a well-known company's business model and brand name (like a McDonald's restaurant owner).

Franchisor

The company that sells the rights to its business model and brand name to others (like McDonald's Corporation).

Private Right of Action

The ability for an individual person or group to sue someone in court directly for harm they experienced, rather than relying on a government agency to take action.

Franchise Rule

Regulations set by the Federal Trade Commission (FTC) that require franchisors to provide potential franchisees with specific information about the franchise opportunity before they buy it.

Equitable Relief

A court-ordered solution that isn't just money, but aims to make things fair or prevent future harm, such as canceling a contract or ordering a specific action.

Actual Damages

Money awarded by a court to cover the real, measurable financial losses a person suffered due to someone else's actions.

Trade Association

An organization founded and funded by businesses that operate in a specific industry, typically to promote their collective interests.