Answer: Franchise agreement
Explanation: Before a third party can be licensed to use a proprietary software, document, brand name or other licensed materials, goods, product or trademark, there must be an agreement between the franchisor (Theodore and James) and the franchisee ( organizations or individuals who wish to use the franchisor's product) called the franchise agreement. These provides a legal bond between both parties which outlines terms and conditions of use pertaining to the franchisor's brand name or proprietary product. The franchisee offers something in return for the grant which is usually a Monetary package.
