franchise


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Related to franchise: Franchise agreement

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 ?
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 assets purchased in each case included McDonald's franchise rights, trademarks and trade names.
Franchise chains such as A&W Restaurants, Tastee Freez, McDonald's, Burger King, Dunkin' Donuts, and Kentucky Fried Chicken got their early star in the 1950s, but were quickly joined by many different types of businesses, such as hotels and motels, automotive repair shops and tax preparation services.
Edwards was named director, franchise recruiting, Southwest; Michael Vogel is director, franchise recruiting, Midwest; and Michael Wootton is director of franchise recruiting, East.
based IFA, the committee's most recent initiative is the Women's Franchise Network, a collection of local chapters nationwide intent on giving franchises the opportunity to meet and learn from other successful women in their respective areas.
Today there are 190 franchises and 1,800 outlets, according to Profranquicias, a Venezuelan franchise association.