Purchaser of a franchise. Boss at the location of the purchased business. Responsible for certain decisions, and obligated to follow stated decisions already made by the franchisor. The franchisee typically must keep the same look, name, and products. From the sales transacted at that location, the franchisee pays the franchisor based on the franchising contract. It is often a percentage of the revenues or profits over a flat fee.
What is FRANCHISEE?
Featuring Black’s Law Dictionary
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