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 ?
'From the moment PFA was founded,' said PFA President Richard Sanz, 'we have implemented a two-pronged approach of endorsing franchising as a strategy for growth for micro and small businesses and in encouraging ordinary Filipinos to take the path of entrepreneurship via franchising.' Since then, franchising has grown to be a major enabler for micro and small businesses and has also become an effective tool in promoting the culture of entrepreneurship among Filipinos.
As the main capacity - building activity for the Philippine franchising sector, FAPHL 2019 will showcase the following highlights:
Since franchising is a personal relationship more than a contractual relationship, both parties can conclude if they can be partners for five years or for the term of the contract.
Nearly 4,000 franchise professionals will gather at IFA's Annual Convention to learn, grow and network while charting the future of the industry at this premier event in franchising. This year's Convention will include a keynote presentation by Rohan Oza, thought leader behind Smartwater, Vitaminwater, popchips, Vita-Coco and Bai Beverages.
With the franchising industry witnessing a surge, The Middle East Franchise Expo will enable visitors to connect with industry experts, and gain the latest knowledge and source from a range of franchising brands.
Ziad Charafeddine, President of Francorp Middle East & LEVANT states that, "This is a not just another franchise seminar/exhibition to sell our franchise consulting services but rather an initiative aimed at educating the franchise stakeholders in the region on the topic of franchising. Our franchising events serve as an excellent networking platform to create new business opportunities and bridge the gap between regional franchisors and prospective investors."
You'll notice that both codes categorize more than just franchisors as lessors--they add in patents, trademarks, brand names, industrial design, and oil royalties--so are not exclusively about franchising.
Dharmesh Vats, Director of The Learning House, said, 'I am glad to collaborate with Franchise Bazar, India's Leading Supermarket For Franchise Business Opportunities, for our brand expansion across India through franchising. With the strong support of Franchise Bazar, we will touch the new heights of success for sure'.
Check the legal agreement and have it vetted by a solicitor who specialises in franchising.
This is the second article in a three-part series (Part 1) focusing on what every corporate counsel should know about franchising. Part 2 provides an overview of the various laws that apply to franchise relationships that are intentionally or unintentionally created.
Several international brands over a decade have arrived in Pakistan and given franchising rights to local investors.
Speaking at the opening of the 2013 International Franchise & Entrepreneurial Expo (IFE) taking place at the Sandton Convention Centre from 9 to the 11th May 2013, Banie Clsen, Head of Franchising Africa said: Absa recognises the vital role played by the franchise industry in creating wealth and employment opportunities.