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In franchising, franchisors (a person or company that grants the license to a third party for the conducting of a business under their marks) not only specify the products and services that will be offered by the franchisees (a person or company who is granted the license to do business under the trademark and trade name by the franchisor), but also provide them with an operating system, brand and support.
Selling a franchise. If a franchisee has the right under their franchise agreement to transfer their franchise to another person, the franchisee must make written a request for the franchisor's consent to transfer.A franchisor cannot unreasonably withhold consent.reach by franchisee-if a franchisor intends to terminate a franchiseeâs agreement for breaching the agreement, the franchisor must: 1  give the franchisee reasonable written notice that it proposes to terminate the agreement because of the breach. 2  tell the franchisee what it needs to do to remedy the breach.