noun
- a company or individual that grants a franchise to another party, allowing them to operate a business using the franchisor's brand, products, and business model
Usage: business/commercial term; commonly used in franchise agreements and business law
Examples
- The franchisor provides training and ongoing support to all franchisees.
- McDonald's is a major franchisor with thousands of restaurants worldwide.
- The franchisor retains control over brand standards and quality requirements.
- Franchisees pay royalties to the franchisor in exchange for using the brand name.
- The contract between the franchisor and franchisee outlines all rights and responsibilities.
- A successful franchisor must balance growth with maintaining brand consistency.