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 ?
Our industry leading approach to Franchise Owner education and support, cutting-edge systems and the latest technologies are key to Coverall's burgeoning success around the world--with more than 6,000 Franchise Owners servicing over 32,000 customers in 75+ metropolitan areas throughout the world.
Spears and Williams, both former Blimpie franchise owners, invested $250,000 from personal savings, proceeds from the sale of their Blimpie properties, and a home equity loan to turn an old Chinese restaurant into the first Nemos Seafood.
She said the ITA's own auditing of its franchise fee collections is lagging by two to three years, even though audits of the final eight years of the franchise agreements resulted in the recovery of about $7.
For many municipalities, franchise agreements, whether exclusive or non-exclusive, provide some control over the waste and recycling stream.
Along with strong products and smart marketing, the decision to franchise has allowed the company--a three-time winner of Brazilian Franchising Association awards for outstanding achievement--to grow quickly at home and abroad.
Despite the fact that Walter owns a franchise unit under one of the most successful companies in America, he is continually on the verge of failure.
The initial Entrepreneur's Franchise 500 [R] in 1980 was the first ranking of franchises in the industry and is still the best and most comprehensive rating of franchises in the world.
appeals court ruling in Cincinnati lends support to proposed regulations that would curb franchise owners' ability to cancel or refuse to renew contracts with investors who do not meet company standards.
The assets purchased in each case included McDonald's franchise rights, trademarks and trade names.
The company named three new field directors of franchise recruiting, based in different parts of the country and reporting to Mushkin, who will qualify and facilitate franchise partners for both the Sagittarius brands.
When the International Franchise Association created the Women's Franchise Committee (WFC) in 1996 the number of women-owned businesses was on the rise and many of those entrepreneurs were taking an interest in franchising.
CARLOS SAUMA THOUGHT HE WAS ready when he created a franchise at the beginning of this year for his sweet coconut drinks known as cocadas.