For Franchise we have terms and definitions in 14 topics. The topics are Accounting, Accounting Terms, Automotive, Basketball, Business, Football, Franchise, Government, Ice Hockey, Medieval Towns, Ocean Marine, Political, Politics and Real Estate.

Franchise (Accounting)

Legal arrangement whereby the owner of a trade name, franchisor, contracts with a party that wants to use the name on a non-exclusive basis to sell goods or services, franchisee. Frequently, the franchise agreement grants strict supervisory powers to the franchisor over the franchisee which, nevertheless, is an independent business.

Franchise (Accounting Terms)

Legal arrangement whereby the owner of a trade name, franchisor, contracts with a party that wants to use the name on a non-exclusive basis to sell goods or services, franchisee. Frequently, the franchise agreement grants strict supervisory powers to the franchisor over the franchisee which, nevertheless, is an independent business.

Franchise (Automotive)

establishment that has the right to exercise the powers of a corporation.

Franchise (Basketball)

A professional NBA team.

Franchise (Business)

An agreement enabling a third party to sell or provide products or services owned by a manufacturer or supplier. The franchise is regulated by a franchise contract, or franchise agreement, that specifies the terms and conditions of the franchise.

Franchise (Football)

A team; the legal arrangement that establishes ownership of a team.

Franchise (Franchise)

An agreement, whether written or oral, for consideration, by which a person permits the distribution of goods or services under his trademark, service mark or tradename, during which time the grantor retains control over others or renders significant assistance to others. (This definition is substantially that of the Federal Trade Commission. See the Final Interpretive Guides, Federal Register, Vol. 44, No 166, Friday, August 24, 1979, p. 49.966 et.seg.) Counsel should also research definitions in controlled jurisdictions, applicable case law and formal and informal opinions rendered by State and Federal regulatory authorities.

Franchise (Government)

The right to vote.

Franchise (Ice Hockey)

A team; the legal arrangement that establishes ownership of a team.

Franchise (Medieval Towns)

SEE freedom

Franchise (Ocean Marine)

A provision in some policies stating that the insurance company shall not be responsible for any loss which is less than a certain amount. If the loss equals or exceeds that amount, however, it will be paid in full.

Franchise (Political)

A privilege granted to an individual or a corporation by a government to operate a business. The term also refers to a practice in the retail trade where a company (the franchisor) gives another company (the franchisee) the right to operate under the franchisor's name. The advantage for the franchisee is that they can have immediate name recognition for their business (particularly if the franchisor is nationally known). The franchisor gains by expanding their business with the minimum of capital.

Franchise (Politics)

The right to vote.

Franchise (Real Estate)

1. A privilege granted to conduct certain service businesses, such as a franchise real estate brokerage. 2. The private contractual right to operate a business using a designated trade name and the operating procedures of the parent company (the franchisor). Such firms as Century 21 and Coldwell Banker operate national franchise brokerages.

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