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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?