franchise Definition
- 1the right to sell a company's goods or services in a particular area using the company's name
- 2a business that operates under a franchise agreement
Using franchise: Examples
Take a moment to familiarize yourself with how "franchise" can be used in various situations through the following examples!
Example
The company is looking for franchisees to open new stores in the region.
Example
He bought a franchise and opened a fast-food restaurant.
Example
The franchise has strict rules about how the business should be run.
franchise Synonyms and Antonyms
Synonyms for franchise
Phrases with franchise
a legal contract between a franchisor and franchisee that outlines the terms of the franchise relationship
Example
Before opening the store, he signed a franchise agreement with the parent company.
a type of franchise agreement where the franchisee has the right to sub-franchise in a particular area
Example
The company granted him a master franchise for the entire state.
an initial payment made by the franchisee to the franchisor for the right to use the franchise system
Example
The franchise fee for this business is $50,000.
Origins of franchise
from Old French 'franchir', meaning 'to free'
Summary: franchise in Brief
The term 'franchise' [ˈfræntʃaɪz] refers to the right to sell a company's goods or services in a particular area using the company's name. It can also refer to a business that operates under a franchise agreement. Examples include 'The company is looking for franchisees to open new stores in the region.' and 'He bought a franchise and opened a fast-food restaurant.' Phrases like 'franchise agreement' and 'master franchise' denote specific aspects of the franchise relationship.
