If you were born in the 1970s, you’re familiar with vinyl records. Those born in the ‘80s had cassette tapes, and ‘90s teens stored their music on CDs. If you ask a teen today what any of those items are, they probably have no idea.
A development area is the territory in which the area developer will locate its franchise units. You need to make sure that the franchisor gives you exclusive rights to the development area so that the franchisor cannot open company-owned units or grant a franchise to another party within your development area.