Who conducts business within a foreign nation under an exclusive contract arrangement with the parent company?

A franchisee conducts business within a foreign nation under an exclusive contract arrangement with the parent company, known as the franchisor. This agreement allows the franchisee to operate using the franchisor's brand, business model, and support, while adhering to specific guidelines. The franchisor typically provides training, marketing, and operational assistance to help the franchisee succeed in the local market.