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LSDefine

Simple English definitions for legal terms

franchiser

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A quick definition of franchiser:

A franchiser is someone who gives permission to another person or company (called a franchisee) to use their business name, products, and services in exchange for money. The franchiser has to tell the franchisee important information about the business and how it works before they can start working together. This helps the franchisee know what they need to do and what they can expect from the franchiser.

A more thorough explanation:

A franchiser, also known as a franchisor, is a person or company that grants a franchise to another person or company, known as the franchisee. The franchiser provides the franchisee with the right to use their business model, brand, and products or services in exchange for a fee or royalty.

For example, McDonald's is a franchiser that grants franchises to individuals who want to open their own McDonald's restaurants. The franchisee pays McDonald's for the right to use their brand, menu, and operating system, and in return, they receive training, support, and access to the company's resources.

Franchisers are required by law to provide certain disclosures to potential franchisees, such as information about the franchiser's financial condition and the obligations of the franchisee. This is to ensure that the franchisee is fully informed before entering into a franchise agreement.

franchisee | frank

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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