FRANCHISER
\fɹˈant͡ʃa͡ɪzə], \fɹˈantʃaɪzə], \f_ɹ_ˈa_n_tʃ_aɪ_z_ə]\
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An entity (a company or producer) with a market model for its products or services to be franchised. The franchising entity maintains a number of controlling factors related to the franchise. The entity contracts out permission to other entities to use the franchise model to provide the products or services to local customers. The model often sets the name and predetermines pricing.
By Henry Campbell Black