franchise

(redirected from franchisors)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to franchisors: franchised

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.
..... Click the link for more information.
.

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 ?
In its most recent round of compliance checks of the franchising industry, the ACCC reviewed disclosure documents from a sample of 12 franchisors in the food services sector and found many were problematic.
After the franchise development department and legal department finalize a new country license agreement and the initial fees are paid, the real work begins for both the franchisor and the new country area licensee or master franchisee.
Franchisors are advised to reexamine reasons for franchising and be committed to the success of franchisees.
The Texas Labor Code has been amended to provide that a franchisor is not considered an employer for claims related to employment discrimination, wage payment, the Texas Minimum Wage Act, and the Texas Workers' Compensation Act, among other laws.
Our focus below is on some of the legal and regulatory risks that potential franchisors should consider when looking to award a franchise (or multiple franchises) in the GCC.
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.
Beware of franchisors who refuse to reveal this information.
Problem: Franchisor A has an unhappy franchisee who is now writing nasty things about the company on his individual website.
One problem that developed for franchisors after 1978 was that numerous states created their own regulations for franchisors offering franchises with their borders.
Some franchisors become so focused on growth, and particularly quick growth, that they fail to appreciate the importance of selecting the right kind of franchisees for their systems.
This paper uses the level of conflict in the franchisor-franchisee relationship and the franchisee's valuation of the franchisor's expertise as proxies for a franchisee's need for the results of a study on franchisor-franchisee relations.
Yet only 35pc of franchisors felt IT had helped access new markets, compared to 21pc of franchisees.