franchise

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franchise,

in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent of the grantee unless so stipulated in the contract. They may, however, be forfeited by the grantee's violation of terms, and the government may take back granted rights by eminent domain proceedings with tender of just compensation. Franchise provisions usually include tenure; compensation to the grantor; the services, rates, and extensions; labor and strike regulations; capitalization; and reversion to the grantor.

The term franchise also refers to a type of business in which a group or individual receives a license from a corporation to conduct a commercial enterprise. Corporate franchises enable a franchisee to market a well-known product or service in return for an initial fee and a percentage of gross receipts. The franchiser usually provides assistance with merchandising and advertising. Major franchise networks, which have grown rapidly in the United States since the 1960s, include fast-food restaurants, gasoline stations, motels, automobile dealerships, and real-estate agencies, and the system has expanded into many other fields.

In politics, the franchise is the right conferred on an individual to vote. In the United States, the states, with some restrictions by the U.S. Constitution, govern the qualifications of voters. By the Fourteenth and Fifteenth amendments, states were forbidden to deny suffrage to male residents over 21 years of age "on account of race, color, or previous condition of servitude." The Nineteenth Amendment conferred suffrage upon women, and the Twenty-sixth Amendment lowered the voting age to 18. See votingvoting,
method of registering collective approval or disapproval of a person or a proposal. The term generally refers to the process by which citizens choose candidates for public office or decide political questions submitted to them.
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Bibliography

See C. Williamson, American Suffrage from Property to Democracy, 1760–1860 (1960, repr. 1968); C. L. Vaughn, Franchising (1974).

franchise

1. the right to vote, esp for representatives in a legislative body; suffrage
2. any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business
3. Commerce authorization granted by a manufacturing enterprise to a distributor to market the manufacturer's products
4. the full rights of citizenship
5. Films a film that is or has the potential to be part of a series and lends itself to merchandising
References in periodicals archive ?
What we intend to explore over the course of the next few months and through a related series of articles is whether a more balanced franchise agreement plays a role in that changing landscape.
com)-- ktMINE, an intellectual property (IP) data and information services firm, today announced that the ktMINE Royalty Rates and Records Database now includes more than 900 franchise agreements.
03 Supplemental Questions and Answers Concerning the New Franchise Agreement
The manager Dan Newell, said that the second of the two 25-year franchise agreement is expiring and the fee has been 2 percent during that time.
Clause 5(1) of the code provides it applies to a franchise agreement entered into on or after Oct.
Atlas, Blue Barrel and Sun Valley-based Browning Ferris Industries are expected to be among the companies that bid for the contracts, which will take effect in 2006, after the current franchise agreement expires.
He says the franchise agreement gives him a free hand in developing Domino's as a high-profile market name in a country ripe for new capital.
Franchisees are permitted to transfer their franchise agreement only after receiving prior written approval from the franchisor.
The decision to solicit bids for the trash franchise agreement ended a year of controversy that left the council divided and the community polarized.
Worse, some franchise agreements allow termination only if initiated by the franchisor--meaning a franchisee could be stuck with a business regardless of whether he or she wants it.
In that regard, the company announced that it had entered into a franchise agreement with Al Futtaim Sons Co.
Franchisors quickly got up-to-speed with the then- new definition of what constituted a franchise, the scope of the disclosure requirement and the ambiguous reference in Article 142 to the possible need to register the franchise agreement, which most practitioners now handle by means of a short-form trademark license.