ENTREPRENEURSHIP

Detailed explanation-1: -The franchisee is the individual who purchases the right to sell the franchisor’s goods or services using its existing business model and trademark.

Detailed explanation-2: -Understanding Franchises The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor’s goods or services under an existing business model and trademark.

Detailed explanation-3: -While a franchisor is an established entrepreneur with a licensed business model, a franchisee is a person or corporation that owns and operates the business using the business model licensed by the franchisor. Franchising describes the business relationship between the franchisor and franchisee.

Detailed explanation-4: -Franchising is a contractual relationship between a licensor (franchisor) and a licensee (franchisee) that allows the business owner to use the licensor’s brand and method of doing business to distribute products or services to consumers.

Detailed explanation-5: -As for the client list, that belongs to the franchisee who has prepared it. Again, this is subject to the terms of the franchise agreement, which would normally require the franchisee to make the client list available to the franchisor, subject to any data protection legislation.