Examlex
List five of the special features of the IPS device.
Franchise
A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.
Franchising Agreement
A legal contract where a franchisor grants a franchisee the right to operate a business using the franchisor's trademark, product, and business model in exchange for fees.
Franchisor
A business entity that grants the rights to an individual or group to market its products or services in a specific territory under the business's brand and operating methods.
Franchisee
An individual or company that holds the rights to operate a business under the franchise's name and system.
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