franchisor
Definition
The company that allows an individual (known as the franchisee) to run a location of their business. The franchisor owns the overarching company, trademarks, and products, but gives the right to the franchisee to run the franchise location, in return for an agreed-upon fee. Fast-food companies are often franchised, and one example of a franchisor would be McDonald's Corporation.
franchisor is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
franchisor appears in the definition of the following term: franchisee
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