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).

The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/

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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
That is because there is such a thing as Franchise Negosyo.
Rene Ledesma Jr, cofounder of Easy Franchise, said the online platform will guide OFWs on the rudiments of franchising by addressing the gaps.
With a two-day conference featuring 70 subject matter experts and an international expo showcasing more than 700 homegrown and international brands, this year's Franchise Asia Philippines (FAPHL) reasserts its position as the biggest franchising event in the Asia-Pacific region.
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.
Being ranked in the Top 200 Franchises speaks volumes of the satisfaction and success of our Franchisees," says Precision Door Service President, Bill Walden.
I am discussing franchise opportunities that are bought and started up (not buying an existing operation) and franchises that are accessible to "Main Street" operators.
The upcoming franchising event in Kuwait will cater to both franchise owners who are promoting their franchises and potential franchisees who are seeking to buy a franchise.
A May 27, 2014, Forbes article, "America's Best and Worst Franchises" by Tom Post, states, "For more than 150 years franchising--from the Middle French word franchir, 'to free'--has given countless thousands a turnkey chance to become their own bosses" (forbes.com/best-worst-franchises-to-buy).
In 1970, California passed the Franchise Investment Law, the first law to regulate the offer and sale of franchises.
There are many different types of franchises. Many people associate only fast food businesses with franchising.