Simple English definitions for legal terms
Read a random definition: forced portion
Franchisor: A person or company that allows someone else to use their business name, products, and methods in exchange for payment. This person or company is called a franchisor. They give permission to others to open their own businesses using their brand and business model.
Franchisor
A franchisor is a person or company that grants a franchise to another person or company. They are responsible for providing the franchisee with the necessary tools, training, and support to operate the franchise successfully.
These examples illustrate how a franchisor grants a franchise to someone who wants to open a business. The franchisor provides the franchisee with the necessary tools, training, and support to operate the franchise successfully. In return, the franchisee pays the franchisor a fee and a percentage of their profits.