BNET Business Dictionary
Business Definition for: Franchise
- an agreement enabling a third party to sell or provide products or services owned by a manufacturer or supplier. A franchise is granted by the manufacturer, or franchisor, to a franchisee, who then retails the product. The franchise is regulated by a franchise contract, or franchise agreement, that specifies the terms and conditions of the franchise. These may include an obligation for the franchisor to provide national advertising or training for sales staff in return for the meeting of agreed sales targets by the franchisee. The franchisee normally retains a percentage of sales income. In other cases, a franchise may involve the licensing of a franchisee to manufacture a product to the franchisor's specification, and the sale of this product to retailers. Franchises can also be organized by issue of a master franchise.
Wiktionary Definition for: Franchise
- A right or privilege officially granted to a person or a company by a government; an acknowledgment of a corporation's existence and ownership.
- The authorization granted by a company to sell or distribute its goods or services in a certain area; the grantor or recipient of such authorization.
- A legal exemption from jurisdiction.
- The membership of a corporation or state; citizenship.
- The right of vote voting at a public election.
- An excellent player in a team sport.
- transitive To confer certain powers on; grant a franchise to; authorize.
- context transitive rare To set free; invest with a franchise or privilege; enfranchise.
- frankness
Additional Resources
- IFA names Joel Buckberg to head compliance program: launched in 1998 in partnership with the Federal Trade Commission, IFA's Franchise Compliance Program features comprehensive training.(FW FOCUS: GOVERNMENT RELATIONS)(International Franchise Association
- The International Franchise Association has named attorney Joel R. Buckberg to serve as administrator for the group's Franchise Compliance Program, an educational program designed to aid companies in meeting the requirements of franchise sales and di The International Franchise Association has named attorney Joel R. ...
- Research articles 2007-02-01
- 2005 FTC Franchise Rule and sales compliance seminar series.(seminars on United States. Federal Trade Commission's franchise rules)(Brief Article)(Calendar)
- The International Franchise Association-sponsored-seminar series will feature a morning overview of the proposed changes to FTC Franchise Rule followed by an afternoon session on how to develop and maintain a successful franchise sales compliance pro The International Franchise Association-sponsored-seminar series will feature a morning overview...
- Research articles 2005-01-01
- Swisher Hygiene Franchise Corp. - Latest Franchise Report.
- M2 PRESSWIRE-24 February 2003-Research and Markets: Swisher Hygiene Franchise Corp. - Latest Franchise ReportC1994-2003 M2 COMMUNICATIONS LTD RDATE:02242003 This report is the Uniform Franchise Offering Circular UFOC for Swisher Hygiene Franchise Corp. What's a UFOC? ...
- Research articles 2003-02-24
- Carstar Franchise Systems - Latest Franchise Report.
- M2 PRESSWIRE-17 February 2003-Research and Markets: Carstar Franchise Systems - Latest Franchise ReportC1994-2003 M2 COMMUNICATIONS LTD RDATE:02152003 This report is the Uniform Franchise Offering Circular UFOC for Carstar Franchise Systems What's a UFOC? If you...
- Research articles 2003-02-17
- Franchise. (Books and References).
- The American Bar Association (Chicago, IL) has released two new volumes dealing with franchising and franchise law. Targeted to franchise lawyers, Franchise Desk Book: Selected State Laws, Commentary and Annotations is a new reference organized by ju The American Bar Association (Chicago, IL) has released two...
- Research articles 2002-03-31
- ExxonMobil becomes 100th franchise company to enlist in VetFran. (FW focus: VetFran).(Brief Article)
- ExxonMobil became the 100th International Franchise Association-IFA member company to join the growing list of franchises participating in the veterans Transition Franchise Initiative, known as VetFran. ExxonMobil Fuels Franchise Strategy Mgr. and ExxonMobil became the 100th International Franchise Association-IFA member company to join the...
- Research articles 2003-07-01
- Hospitality Franchise Systems corrects number of franchise agreements in first graph; read it 870
- PARSIPPANY, N.J.--BUSINESS WIRE--Jan. 16, 1995--The following substitutes the first paragraph in BW1088 (HOSPITALITY-FRANCHISE-SYS) Reports Record Hotel Franchise Sales, Openings, distributed earlier.Please make this change to correct the typographical error. Hospitality Franchise Systems Inc. apologizes for the error.The correct paragraph follows:Hospitality Franchise Systems Inc. (NYSE:HFS) today reported that it entered into...
- Research articles 1995-01-16
- Will The 'Twilight' Franchise Be A Virtual Best-Seller, Too?
- The Twilight franchise is epitome of a pop culture blockbuster: The first novel, Twilight, was the biggest-selling book of 2008, the movie grossed $383 million at box offices worldwide, and teens in North America have gobbled up the DVDs to the tune of $162 million in sales thus...
- External links 2009-09-02
- Ameritech wins Ohio franchise. (company's first cable TV franchise in the state)(Telemedia Week)(Brief Article)
- Ameritech New Media last week received clearance on its first cable franchise in Ohio--in Hilliard, a suburb of Columbus. Approval to construct a $1 million cable system in the 18,000-household community represents the 11th franchise the cable arm Ameritech New Media last week...
- Research articles 1996-03-18
- Fla. County beaches Verizon franchise: franchise punted in a BHN market.(POLICY)
- Manatee County, Fla., officials have delayed acting on a possible cable franchise for Verizon Communications Inc. until the end of the month, instead revising standing cable-franchise rules to better govern the developing competitive marketplace. Manatee County, Fla., officials have delayed acting on...
- Research articles 2005-08-29
- FRANCHISE TAKES ROOT IN CHINA
- AsiaInfo Services 11-05-2001 Franchise Takes Root in China CHINA, Nov 05, 2001 AsiaPort via COMTEX -- As before, in November which has been called "franchise month", various kinds of expositions and workshops of franchise come toget AsiaInfo Services ...
- Research articles 2001-11-05
- GE Capital Solutions, Franchise Finance acquired a franchise loan portfolio owned by Textron Financial Corp.(Brief article)
- GE Capital Solutions, Franchise Finance acquired a franchise loan portfolio owned by Textron Financial ... GE Capital Solutions, Franchise Finance acquired a franchise loan portfolio owned by Textron Financial Corp. and landed a refinance deal giving Hacienda Mexican Restaurants full control of its 12-restaurant chain....
- Research articles 2007-03-01
- Franchise Rule Revised, Association to Offer Educational Sessions
- To: POLITICAL EDITORSContact: Terry Hill of International Franchise Association, +1- 202-628-8000 WASHINGTON, Jan. 24 /PRNewswire-USNewswire/ -- Lauding the Federal Trade Commission's announcement that it had updated its Franchise Rule, International Franchise Association Pres. Matthew Shay today said the long- overdue revision will contribute significantly to the franchise sector's future growth...
- Research articles 2007-01-24
- Small-business advice: guide on buying a franchise.(Courier-Post Online (Cherry Hill, N.J.))
- The Federal Trade Commission has prepared a booklet, "The Consumer to Buying a Franchise." The guide helps potential investors understand how to shop for franchise opportunities and know which questions to ask before investing. The government guide is available on the...
- Research articles 2006-05-01
- Seeking to buy a franchise? Welcome to the International Franchise Expo!(INTERNATIONAL FRANCHISE EXPO AND EXHIBITOR GUIDE)
- The International Franchise Association welcomes those interested in joining the franchising community to fulfill their ambitions of self-employment and self-empowerment. The 15th Annual International Franchise Expo provides non-stop educational programs and access to the Exhibition Hall that mirrors the great variety of concepts found in the...
- Research articles 2006-05-01
- Franchise rule revised, association to offer educational sessions: Legal Roundtable sessions being prepared to aid franchising community's compliance.(International Franchise Association)
- Lauding the Federal Trade Commission's announcement that it had updated its Franchise Rule, International Franchise Association Pres. Matthew Shay said the long-overdue revision will contribute significantly to the franchise sector's future growth and success in the marketplace. "This signals, for the first time,...
- Research articles 2007-02-01
- Landmark Communications, Inc. Acquires Franchise.com
- Media Company to Grow Franchise Information Portal NORFOLK, Va. -- Landmark Communications announced today that it has acquired Franchise.com, a leading online franchise recruitment information resource for prospective franchisees. Founded in 1995 by Nancy Ghanem, Franchise.com was among the first companies to offer online lead generation for franchisors. The...
- Research articles 2007-02-23
- Roy Flora Appointed Senior Vice President, Franchise Operations for U.S. Franchise Systems
- Atlanta-based U.S. Franchise Systems, Inc. (Nasdaq: USFS), franchisor of the Microtel Inn & Suites, Hawthorn and Best Inns & Suites hotel brands, has announced the appointment of Roy Flora as Senior Vice President, Franchise Operations.Flora will be responsible for overseeing USFS' Design and Construction, Franchise Services and newly-formed Quality Assurance...
- Research articles 1970-01-01
- Investing In A Franchise Is Not A Sure Thing
- A lot of folks go into a franchise business of their own with unrealistic expectations. Franchise success/failure statistics have been bandied around for decades. Investing in a franchise that is right for you, and that has been researched correctly, does lower your risk compared to a pure "I have an...
- White papers 2009-04-02
- 10 Things To Know Before Buying A Franchise
- Buying a franchise is not an easy ticket to business success. For every success, there are many more failures, and the business landscape is littered with franchise fiascos due to conflicts between franchisees and franchisors. You have to practice the same due diligence as a franchise purchaser that you would...
- White papers
