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 ?
This was most notably supported within the last few months by an Iowa Supreme Court decision that upholds the state's ability to tax out-of-state franchisors based solely on having franchisees in the state.
Therefore, franchisors wishing to market franchises in those states were required to develop disclosure packages specially tailored to those states' requirements (or, commonly, to create a standard disclosure package with a separate addendum for each regulating state).
Avoiding such claims is particularly important in jurisdictions such as Ontario and Alberta, though, because franchisors active in those jurisdictions are legally required to provide detailed written information about all lawsuits in disclosure documents that they must provide to prospective franchisees.
Franchisors must list any restrictions on supply sources for goods and services, disclosing the goods and services they will supply exclusively; cite specific sections of the agreement and offering circular for each franchisee obligation; and disclose in detail any obligations they must perform before the business opens.
We found that in 30 per cent of cases, franchisors did not make any profit claims or representations as to earnings that could lead to misrepresentation claims being lodged against them," said Mr Pratt, a member of the British Franchise Associationlega l committee.
A) a continuing financial obligation to the franchisor or its associate by the franchisee and significant continuing operational controls by the franchisor or its associate on the operations of the franchise business, or
No matter the size of the franchise, there must be room for franchisees to express their individual needs and work with the franchisor within that system.
The Golden Corral success story gives us an edge over many other franchisors," Hr.
Schedule I requires that all franchisors provide, in a summary manner, all information listed in the Schedule such as the background of the franchisor and its managers, any existing civil litigation and liabilities, fees and projected earnings, and back-up.
At the heart of DePalma's response to the lawsuit is his contention that Money Mailer franchisors used inaccurate earnings claims when recruiting him as a franchisee.
Many franchisors offer training programs and other forms of support to assist franchisees in all phases of running the operation.