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What is a franchisor?

What is a franchisor? Here are some definitions.

Noun
  1. A company which, or person who, grants franchises.
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Where the franchisor is uninvolved, the transferee does not rely on any representations of the franchisor made to induce the transfer.
As a franchisee, you'll operate a business using systems tried and tested by the franchisor.
For a franchised business to succeed, the franchise system must be inherently sound and managed by a knowledgeable franchisor.
In other systems, the franchisor will make arrangements with approved suppliers for the terms and conditions of product supply.
In many franchise systems, the franchisor will also be your product supplier.
Otherwise, the franchisor may simply assist you in selecting and developing your business premises.

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