franchise definition

franchise

General: Right conferred or established by a government, such as the right to vote (exercise one's franchise) in a local or national election.

Commerce: (1) Privilege granted to make or market a good or service under a patented process or trademarked name. (2) Business operating under such privilege.

Law: Government conferred right to exist as a legal business entity within a particular jurisdiction and to exercise corporate powers.

franchise is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.

franchise appears in the definitions of the following terms: chain-style business, franchisor, privilege, right, uniform franchise offering circular (UFOC), franchisee, business expansion, franchising and protected territory

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