franchisor


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Franchisor

A company that sells the right to use its products to an individual or company. McDonald's is a prominent example of a franchisor. If one wishes to open a McDonald's franchise, everything from the food to the uniforms has already been determined by the corporation. McDonald's sells the right to use these to the franchisee. See also: Turnkey business.

franchisor

A firm that sells to others the right to sell or rent its products and to use its name. Compare franchisee.
References in periodicals archive ?
That is when the franchisee may wish to retire or is sitting on a golden nugget of territory that is under-exploited and the franchisor would prefer them to retire.
That common understanding is that a franchisee is responsible for all employment decisions regarding employees of the franchisee, and the franchisor has no interaction with or authority over the franchisee's employees.
As you consider a franchise, the franchisor should provide a prospectus which answers all the basic questions.
Consistent content management is administered at the franchisor level and user access can be permitted or prohibited at the franchisor's discretion.
And, when franchisors consider making any significant change to their existing franchise agreements, they should always assess the potential impact of the change from the perspective of both the franchisees and franchisor.
While the new roles reduce the number of adjustments a typical franchisor will likely be required to make to satisfy state regulators, adjustments will still be necessary, in many cases.
It is therefore critical that a franchisor carefully analyze its human resource needs and develop a comprehensive system for attracting and selecting people who possess the qualities needed to achieve success in the franchised business.
Many franchisors will help secure financing for qualified candidates to get started, and if they don't provide the financing themselves, often they can recommend an independent firm that provides loans.
In 1995, some 20 franchisor and franchisee representatives attended a workshop in Minneapolis.
ii) that is substantially associated with a trademark, service mark, trade name, logotype or advertising of the franchisor or its associate or designating the franchisor or its associate; and
If there is a material change to the information in the document, the franchisor must make a revision (to be issued quarterly).
To use a metaphor, "the franchisor is not pitching a tent but rather providing the essential guidelines to building a stable structure.