An individual or organization granting a license to operate an individually owned business as though it were part of a chain of outlets or stores is a(n)

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A franchisor is the party that grants the license to a third party for the conducting of a business under their marks. The franchisor owns the overarching company, trademarks, and products, but gives the right to the franchisee to run the franchise location, under the franchisor's brand name and business model.

An Individual or Organization Granting a License to Operate an Individually