master franchisee

master franchisee
Instead of granting franchises directly to franchisees, a franchisor may enter into a master franchise agreement with a master franchisee, under which the master franchisee is granted the exclusive right to appoint franchisees within a particular territory on the basis of franchise agreements in the form specified by the franchisor.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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