Franchising is the actual granting of a franchise.
Franchisor is an individual or organization granting a franchise.
Franchisee is a person or organization purchasing a franchise.
The franchisor supplies a known and advertised business name, management skills, the required training and materials, and a method of doing business. The franchisee supplies labor and capital, operates the franchised business, and agrees to abide by the provisions of the franchise agreement.