Franchise meaning

What does the name franchise mean? What is the legal definition of a franchise? Word Origin Middle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’ (see frank1).

The word "franchise" is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or " chain stores ".

Arrangement where one party (the franchiser ) grants another party (the franchisee ) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. A franchisee is a small-business owner who operates a franchise.

In other words, a franchise is the right to produce a licensed product by the owner of the license. In this contact, the franchisee pays the franchiser for the right to use the licensed material.

When the Dairy Queen company gives an investor permission to open a Dairy Queen store in his own home town, this is an example of a franchise. Franchising is when an established business allows a third party the right to operate using their trade-name, either through their manufacturing, distribution or sales channels.

Definition : A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing. Franchise A special privilege to do certain things that is conferred by government on an individual or a corporation and which does not belong to citizens generally of common right, e. Cable Television service.

A privilege granted or sol such as to use a name or to sell products or services. A right or privilege officially granted to a person, a group of people, or a company by a government.

The definition of a franchise is not uniform in every state. Some states for example, may also include a marketing plan or community of interest provision in the definition. The company that allows an individual (known as the franchisee) to run a location of their business.

The franchisor owns the overarching company, trademarks, and products, but gives the right to the franchisee to run the franchise location, in return for an agreed-upon fee. Fast-food companies are often franchised. Over 100English translations of French words and phrases.

You’ve heard the term franchise thrown aroun but do you know its definition ? It is hard to drive more than a few blocks in most towns without seeing a franchise business. Every franchise is governed by these terms, which are generally outlined in a written agreement between both parties. Franchise definition, a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system.

Synonyms: ballot, enfranchisement, suffrage… Antonyms: disenfranchisement… Find the right word. Meaning and definitions of franchise, translation in Swahili language for franchise with similar and opposite words. Also find spoken pronunciation of franchise in Swahili and in English language.

Franchise is a local representative of any organization who markets and conducts the entire marketing activity under complete guideline and support of franchisor in the area allotted to the franchisee. It is a kind of authorization granted to an individual or corporation by a franchisor to sell its goods or services in a. From a business perspective, a franchise is a contractual relationship between a licensor and a licensee for the licensee to use the licensor’s method of doing business to distribute products or services using the franchisor’s trade or service mark, or to offer, sell, or distribute goods, services, or commodities that are identified or associated with the franchisor’s trademark.

Examples of franchises include the McDonald Burger and Kentucky Fried Chicken diner chains, Tie Rack and Dyno-Rod. They operate franchises in London and Paris. He runs a local pizza franchise. Definition and synonyms of franchise from the online English dictionary from Macmillan Education.

View American English definition of franchise. This is the British English definition of franchise. Change your default dictionary to American English. View the pronunciation for franchise.

Unlike an ordinary deductible, once the franchise deductible is pai the entire loss will be covered. For would-be entrepreneurs, a franchise is a self-employment business opportunity.

You start your own company trading under an established brand with guidance and support on everything from marketing to financial planning to HR. Sports franchise means a professional or semi-professional sports franchise, including, but not limited to, a franchise of the National Football League, the National Hockey League, the National Basketball Association, the National League or American League of Major League Baseball, Minor League Baseball, Major League Soccer, the North American Soccer League, or the promoter of a signature event sanctioned by the National Association for Stock Car Auto Racing.