Examples of Subfranchisor in a sentence
Subfranchisor" means a person to whom an area franchise is granted.
DISPOSITION OF SECTIONS FORMERLY CODIFIED IN THIS CHAPTER460-80-120 Subfranchisor registration application.
Executed at _______________________, _________________, 19___ __________________________________ (Signature(s) of Franchisor and/or Subfranchisor) By _______________________________ (Seal) Title ____________________________ STATE OF ______________________) ) ss.
Subfranchisor and the Franchisees shall display the Marks and give notices of trademark registrations in the manner prescribed in this Agreement and the CENTURY 21 Real Estate Franchise Agreements and obtain such licenses, permits and authorizations relating thereto as may be necessary or advisable under applicable legal requirements in effect in the Territory.
The reason this outcome is desirable for both parties is that a Master Franchisee keeps his income stream, and a Master Franchisor is free to resell the territory to anybody who they can get to buy it, unencumbered by a prior relationships or bad blood that may exist between the Subfranchisor and the franchisor.