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 ?
In other words, franchisees who have relatively harmonious relations with the franchisor are less likely to be interested in the results of a study of franchisor-franchisee relations than franchisees whose franchise relationships are not as harmonious.
However IT has helped to increase sales compared to 42 per cent of franchisors.
* Whether it has or will establish another franchisee using the franchisor's trademark.
The court must very carefully scrutinize the reliance claim and perhaps allow the defendant franchisor considerable latitude in trying to discredit such a claim.
(A) a continuing financial obligation to the franchisor or its associate by the franchisee and significant continuing operational controls by the franchisor or its associate on the operations of the franchise business, or
The ACCC has found that franchisors in the food services sector are commonly providing inadequate information to potential franchisees.
How do you ensure that you as the franchisor are doing everything possible to make the licensee successful so that your franchise can realize the full financial potencial of a country?
Part of the franchisor's responsibility in the franchise agreement is to assist the franchisee in his operations until the end of the term.
Despite the new law's protection for franchisors in Texas, it is uncertain how the exception--in this case, the type of control exerted by a franchisor that is not customarily exercised to protect a franchisor's trademark and brand--will be interpreted.
A prudent franchisor should be aware of, and understand, the legal and regulatory environment in the GCC when structuring and negotiating its arrangements with franchisees.
Although it is reasonable that those requirements set by the franchisor are utilized just to ensure that the franchisee's operation will be successful to promote the brand, not to demote the brand, for the franchisees to adhere to these requirements could be a painful commitment.
As you consider a franchise, the franchisor should provide a prospectus which answers all the basic questions.