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LSDefine

Simple English definitions for legal terms

franchisee

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A quick definition of franchisee:

Term: Franchisee

Definition: A franchisee is a person or company that enters into an agreement with a franchisor to operate a business using the franchisor's brand, products, and services. The franchisee pays a fee to the franchisor for the right to use their business model and receives support and training in exchange. The franchisee is responsible for running the day-to-day operations of the business and must follow the guidelines set by the franchisor.

A more thorough explanation:

Definition: A franchisee is a person or company that is granted the right to operate a business using the trademark, products, and services of a franchisor. The franchisee is one of the parties to the franchise agreement, which outlines the terms and conditions of the franchise relationship.

Example: McDonald's is a well-known franchisor that grants franchises to franchisees who operate their own McDonald's restaurants. The franchisee pays an initial fee and ongoing royalties to the franchisor in exchange for the right to use the McDonald's brand, products, and services. The franchisee is responsible for managing the day-to-day operations of the restaurant, including hiring employees, ordering supplies, and marketing the business.

Explanation: The example illustrates how a franchisee operates a business using the trademark, products, and services of a franchisor. The franchisee pays a fee to the franchisor for the right to use their brand and receives support and training from the franchisor to help them run their business. The franchisee is responsible for the day-to-day operations of the business, but must follow the guidelines and standards set by the franchisor to maintain the consistency and quality of the brand.

franchise tax | franchiser

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LSDFan
10:28
tiktok is great
triplethread
10:28
i lub tik tok and reddit and instantgram
Dkk
10:29
Nah, lol I hate it @texas. I remember when it was music.ly too and you used to have music.ly cringe compilations.
babycat
10:29
I do not have tiktok either because it makes my brain unhappy
10:29
how come i didnt get fordham AGAIN
Yeah, shit is awful. I have friends who spend hours a day on it
m10
10:30
Sorry to hear @Eggan
BulbasaurNoLikeCardio
10:30
I think tik tok is evil and coming from a national defense background, working in PSYOP and in the intelligence community I can promise it is.
glovediedthisishismom
10:30
5318008 now look at it upside down ;)
snow
10:31
tik tok and youtube reals has fried my brain
babycat
10:31
@glovediedthisishismom: boobies!!!
so off topic but dude eggan the weather here in nyc is insane
babycat
10:31
@BulbasaurNoLikeCardio: I wonder if you know my local psyops guy
m10
10:32
@BulbasaurNoLikeCardio: Yeah but like half the general officers are compromised so we might as well just give this country to China already. The head of the JAG corps used to tell us how much he loved Tiktok and he was a 1 star. These people should be court martialed. I hope Trump follows through on that promise the most.
it was 80 degrees three days ago and now it's like pouring rain sleet and wind
babycat
10:32
@jackfrost11770: we all living the same weather. I’m abt to go to the gym
babycat
10:32
I’m listening to car seat headrest
it's the worst when the weather is this shit and there isn't even any snow like at least let it be aesthetic (although snow in nyc is the opposite of that)
snow
10:33
india ass band
10:33
checking in on Wake Forest. Y'all heard anything?
LSDFan
10:34
@m10 are you FLEP
m10
10:34
@LSDFan: nah lol, I am just using my GI Bill. I do not feel like going back.
LSDFan
10:34
good call
BulbasaurNoLikeCardio
10:34
@m10: 110% agree, china has a truly amazing HUMINT network and espionage skills that much of our military is infiltrated or committing willful negligence of duty in prevent and protection. @babycat: PSYOP is pretty small on the AD side but I left the community to go play with Apaches and drones in 2018/19
10:35
Daily check in , stay chillin
10:35
anyone touring hls today?
10:35
Same @m10
10:36
also my softs are bordering t3-t2. would it be worth for me to R+R if im trying for t4
soap
10:36
Maybe see where you get in, then R&R if you feel it’s necessary?
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