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franchise

[ˈfræntʃaɪz]

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

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'

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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.

How do native speakers use this expression?

In

2019,

58

percent

of

Marriott's

rooms

were

under

franchise

agreements.