JKL Corporation grants another party the right to conduct business according to specified methods and terms. JKL is a

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JKL Corporation is the party that grants (sells) the right to conduct business according to specified methods and terms, which qualifies them as the franchisor. The party receiving the right is the franchisee. Franchise refers to the overall agreement between the two parties, while licenser is a term used for someone who grants a license for the use of their intellectual property but not necessarily for a business method.

JKL Corporation Grants Another Party the Right to Conduct Business