What is the definition of a franchise company?

A franchise company is a company that through franchise- in order to grow the company has a franchise stategy meaning they allow independent 3rd parties to use their brand and strategy assuming they follow the protocols of the Franchising co. for ex - you can open up a Mcdonalds not owned by Mcdonalds and you have to pay fees as per the franchise agreement. Just like ClickTecs in Mississauga, Ontario Canada is a franchise marketing company, marketing franchise businesses online. They are running up with a great business. They are holding big giants such as Ford, a franchise blog is running by ClickTecs.