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Related Definitions
Franchisee Franchisee refers to an individual or firm that enters into a franchise agreement and pays an initial fee and an ongoing royalty to an franchisor in exchange for using...
Sub franchisees The people who buy franchises from master franchisees are typically called sub franchisees.
Multiple-unit franchisee An individual, who owns and operates more than one outlet of the same franchisor, whether through an area or a master franchise agreement, is called a multiple-unit franchisee.
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