Franchise Glossary
Development Schedule
What is Development Schedule in franchising?
The timeline attached to an area development agreement specifying when each unit must be opened. An agreement to open five locations might require the first to open within 12 months, two more within 24 months, and so on. Missing a development schedule milestone is a material breach of most area development agreements and can result in the loss of future territory rights. Franchisors use development schedules to ensure territory is being built out, not just held.