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.
Many franchise attorneys will attempt to negotiate certain terms out of the franchise agreement on behalf of their client and yet one may find that some of what is negotiated is indeed more of an attempt of the franchisee attorney to prove his self-worth. If one wants to negotiate a...
GE Capital Solutions, Franchise Finance purchased restaurant franchise ... GE Capital Solutions, Franchise Finance purchased restaurant franchise loan-backed bonds of more than $48 million from FINOVA Capital Funding II Corp.
ATLANTA -- Rollins, Inc. (NYSE:ROL), a premier North American consumer services company, announced today the establishment of an Orkin franchise in Costa Rica. The Company began its Orkin franchise program in the U.S. in 1994, and established its first international franchise in Mexico in 2000. Today, Orkin has 59 franchises...
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...
Although he had never been in business for himself, David White was determined to someday be his own boss. David decided that purchasing a Heaven's Best Carpet Cleaning franchise offered the most promising opportunity for his skills and interests. While the franchiser would provide training and other assistance to get...
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...
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. ...
DALLAS -- Orbit Drop Inc. (Pink Sheets:OBDP) is proud to announce that it has engaged Mr. Dain Turner as Vice-President of Franchise Operations to head up the selling and management of Franchises. With this addition to the Orbit Drop team, the Company can now efficiently service the enormous requests for...
Whether you are a franchisor or franchisee already or are interested in becoming one, franchise development requires financing. Unfortunately, while interest in franchising as a business model is generally considered to be counter-cyclical to the economy, an apparent sputtering of the nation's economic engine will most certainly have a widespread...
ANN ARBOR, Mich. -- Berjaya Corporation Berhad, a publicly listed diversified corporation headquartered in Malaysia, yesterday opened the second Borders franchise store in that country. Under a franchise arrangement with Borders Inc., a subsidiary of global book, music and movie retailer Borders Group, Inc. (NYSE:BGP), Berjaya Corporation Berhad, which already...
Do you sometimes feel like the captain of the Titanic, with your business taking on water and no aid in sight? It is a familiar nightmare, shared by all executives at one time or another. Only it seems more personal to the franchise executive who is often the founder or...
The study presented in this paper developed and empirically tested a model examining the antecedents of franchisees' overall satisfaction and intention to remain in a franchise system. Based on a sample from a convenient store franchise system in Taiwan, the results showed that communication is very important in reinforcing franchisees'...
Got several franchises on your wish list? Use this template to help you determine the attractiveness of each prospective franchise you are considering.
Today's franchise sales process is, of course, much more sophisticated than this. The internet generates most franchise sales leads - by some accounts, more than 70 percent - with public relations, print advertising, direct mail and referrals generating much of the remainder. But for many franchisors, trade shows and expos...
SAN DIEGO -- Fresh off his first successful year in San Diego County as the market's leading eBay consignment store, 24/7 Auctions founder Tom Harris has announced that a complete turnkey franchise package to own and operate one of his neighborhood stores is now available nationwide through the 24/7 Auctions...
If you are considering buying a franchise, especially an internet business model, you should make yourself aware of the disadvantages of a franchise as well the advantages. There are many business models you can choose from, ranging from a traditional internet home business (if anything on the internet could be...
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....
Powerful, Dell is built to fit your business needs Customized systems, experts trained in small business, 24/7/365 support, and powerful, reliable technology. Dell, big results for small business.
With AT&T Tech Support 360, you'll have certified, U.S. based technicians on call 24/7 to help keep your computers, connections, software and peripherals up to speed for just 82¢ a day.
