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Related to franchise: Franchise agreement


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


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 ?
The ITA also has moved forward with an audit of 2004 franchise fee payments.
For recyclers of traditional materials, the concept of franchise agreements is not as large a concern as it may be for companies involved in the construction and demolition industry.
A decade later, he bought his second Mexican franchise, packaging and storage services company Todo de Carton.
From working on the frontline of franchise units and attending countless trade shows and expositions, to interviewing franchisees and CEOs, Birkeland exposes franchising for the cutthroat, competitive, and often disillusioning world it is.
The franchises with the highest "cumes" become the Franchise 500 [R].
They now own 20 percent of all franchises (up from 3 percent in the early '80s).
The IRS determined on audit that the taxpayers' allocations to the franchise rights acquired were excessive, and disallowed a portion of the taxpayers' deductions.
Before joining Sagittarius, Mike Wootton held a franchise sales position with Quiznos.
The Women's Franchise Network is a good example of women in the franchise sector seeing a need and meeting it," says Bannon.
Fast-food outlets make up 38% of local franchises, but dry cleaners, dressmakers and even drugstores have become chains, putting the country in third place for regional franchise sales with US$500 million last year, behind $13 billion for Brazil and $8 billion for Mexico.
If you have another company in mind, or you want to see what's available, you can search the Franchise 500 database by product or service, name or ranking.