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 ?
"By providing the expertise, brand name, and vendor relationships to a franchisee, we can help put the right infrastructure in place to grow a successful business.
The beauty of franchising is the fact that benefits are mutually shared and while actions are done separately by both franchisor and franchisee, its effect is on both.
Determining your ideal franchisee candidate before marketing a franchise opportunity is crucial in developing a successful franchisee-franchisor relationship that can save the franchisor time and money.
At the same time 7-Eleven is dealing with this immigration probe, the nation's largest convenience store chain also drew public attention for its decision to sue a franchisee, Tariq Khan, for allegedly siphoning hundreds of thousands of dollars over the course of at least four years.
The bfa is calling for franchisors to nominate their most accomplished franchisees for the awards - now in their 24th year - which showcase the UK's most talented franchisees who have achieved exceptional results by promoting best business practice and values.
Under these laws, adopted so far by a minority of states, should a franchisor encroach on a franchisee's market area, the franchisee has a cause of action for monetary damages against the franchisor.
" The process is simple -- once a player and a franchisee have come to an agreement, based on cricketing considerations, they send across a request and the contract is sent across to the franchisee for signature," Raman told MAIL TODAY .
The franchisees, which own 82 stores, are all members of the Pharmacy Franchise Owners Association (PFOA), a group of 220 MSI and Medicap franchisees that was formed two years ago in an effort to give franchisees more control of their businesses.
You sit side-by-side with your new franchisee peers, and experience a cohesiveness that is hard to find with an independent business.
But for the most part, while the benefits of franchising are clear from the corporate side--growth with no risk and the use of what the Sign Masters' CEO refers to as "OPM" (other people's money)--they are harder to see from the franchisee end.
The franchisee, who lives hundreds of miles from Little Rock, also complained about little available support without having to travel to Arkansas for a refresher course.