The meaning of FRANCHISE is the right or license granted to an individual or group to market a company's goods or services in a particular territory; also : a business granted such a right or license.

Jun 30, 2024 · A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.

FRANCHISE definition: 1. a right to sell a company's products in a particular area using the company's name: 2. the…. Learn more.

FRANCHISE meaning: 1. a right to sell a company's products in a particular area using the company's name: 2. the…. Learn more.

Nov 7, 2023 · A franchise is a business arrangement where one party, the franchisor, grants another party, the franchisee, the rights to use its brand, business model, and proprietary knowledge in exchange for a fee.

A franchise is a formal contract between the franchisor and franchisee that grants the franchisee rights to use the brand and business model. While a franchise is a type of licensing, specific regulations make it unique.

Jan 14, 2025 · A franchise is a business agreement in which a business (franchisor) grants another person or business (franchisee) the right to use its trademark brand and business systems in exchange for ongoing royalties and/or fees.

Franchising is a business relationship, wherein the owner authorises other party to use their brand, product, business system and process in return for adequate consideration.

Jun 24, 2024 · A franchise is a business model in which a parent company, or licensor, grants permission to a licensee to share its business concept. The resulting business, a franchise, helps the licensor expand while retaining control over products, delivery methods, marketing, and …

She was granted an exclusive franchise in the city's west end. They just opened a new fast-food franchise down the street. The U.S. did not extend the franchise to women until the early 20th century. He's the best player in the history of the franchise.