Examlex
A friend holds up an object in front of you and you immediately identify it as a cellular telephone.Which of the following is most responsible for your ability to do this?
Franchisor
An individual or company that grants the license to third parties to conduct business under its trademark, business model, and brand.
Franchise Agreement
A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchise operation.
Rights
Entitlements or freedoms that are guaranteed by law, social norms, or ethical principles.
Business Organization
An entity formed for the purpose of carrying out commercial enterprise. Such organizations come in different forms including partnerships, corporations, and sole proprietorships.
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