Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Antigonids
License
A permit from an authority to own or use something, do a particular thing, or carry on a trade.
Ownership of the Business
The legal state or condition of having control over a company or entity, including the rights to make decisions and enjoy the profits.
Franchisee
An individual or company that is granted the right by a franchisor to operate a business under the franchisor's trademark and business model.
Franchisor
The original or existing business that allows another party (franchisee) to use its trademark and business model.
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