MLchartDataset catalogue

Franchisee

Term · Law · MLC-T-LAW-002218

An individual or entity that purchases the right to operate a business under the established brand, system, and trademarks of a franchisor. The franchisee pays fees and royalties and agrees to adhere to the franchisor's operational standards and guidelines. This party is responsible for the day-to-day management of the franchised unit.

Table 1. Record
IdentifierMLC-T-LAW-002218
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002218",
  "term": "Franchisee",
  "field": "Law",
  "definition": "An individual or entity that purchases the right to operate a business under the established brand, system, and trademarks of a franchisor. The franchisee pays fees and royalties and agrees to adhere to the franchisor's operational standards and guidelines. This party is responsible for the day-to-day management of the franchised unit.",
  "url": "https://mlchart.com/terminology/law/franchisee/"
}

Record 2,126 of 5,441 in Law terminology (MLC-0107). Request the full dataset.