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 court ruled that the county had exceeded its authority by including non-putrescible construction debris in the franchise agreement.
197 to professional sports franchises and any intangible acquired in connection with the acquisition of the franchise (including player contracts).Thus, it repeals the special rules under Sec.
This amicus curiae letter addresses the Court of Appeal's failure to overturn the Franchise Tax Board's improper limitation of General Motors Corporation's California research tax credit.
For many municipalities, franchise agreements, whether exclusive or non-exclusive, provide some control over the waste and recycling stream.
The Philippine Franchise Association, with the theme Creating Enterprises, Generating Jobs 2019 showed us during the Franchise Expo-Seminars last May 30 to June 1, 2019, at The Atrium, SM Lanang Premier, that many participants have found their business profitable because of the assistance of the Philippine Franchise Association.
Opening today is the international expo, which will feature 700+ franchise and other business opportunities from all over the Philippines and overseas.
The Philippine Franchise Association (PFA) has again secured the support of relevant government agencies, including the Department of Trade and Industry, as well as key players in the private sector to ensure success of this year's staging of the 4-in-1 franchising event.
Butz Bartolome is the chair of GMB Franchise Developers Inc., which has been into franchise consulting for over 25 years.
Cairo is set to host the meetings of the World Franchise Council (WFC), from 17-19 November, in parallel with the 16th franchise exhibition in the same period, the meeting is organised by the Egyptian Franchise Development Association (EFDA).
The rewards of owning a business franchise are many.
Titusville, FL, January 31, 2018 --(PR.com)-- Franchise Business Review, a national franchise market research firm, published its 13th annual ranking of the top 200 franchises.
Join thousands of entrepreneurs and business owners at Franchise Expo South, the premier franchise expo serving the Southwestern U.S.

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