Definition Of Business Franchise

A franchise means any continuing commercial relationship or arrangement whatever it may be called in which the terms of the offer or contract specify or the franchise seller promises or represents orally or in writing that.

Definition of business franchise. Meaning pronunciation translations and examples. Businesses from more than 70 industries can be franchised and the most popular are fast food retail restaurant business services fitness and other. A franchise means any continuing commercial relationship or arrangement whatever it may be called in which the terms of the offer or contract specify or the franchise seller promises or represents. The franchising company or.

1 the franchisee will obtain the right to operate a business that is identified or associated with the franchisor s trademark or to offer sell or distribute. In most cases franchisees must pay an ongoing franchise royalty fee to the franchisor. A franchise is a business system in which private entrepreneurs purchase the rights to open and run a location of a larger company. A franchisee is a small business owner with a license to operate under a franchisor s trademark trade name and business model.

Definition of a franchise under the franchise rule under the franchise rule the ftc defines a franchise in section 436 1 h as follows. For the franchisor use of a franchise system is an alternative business growth strategy compared to expansion through corporate owned outlets or chain stores. Business format franchising is the most popular type of franchise system and the one generally referred to when talking franchising. A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing training merchandising marketing.

It is hard to drive more than a few blocks in most towns without seeing a franchise business. The word franchise is of anglo french derivation from franc meaning free and is used both as a noun and as a transitive verb. Definition of a franchise business. Examples of well known franchise business models include mcdonalds subway ups and h r block.

Adopting a franchise system business growth. A franchise business is a business in which the owners or franchisers sell the rights to their business logo and model to third parties called franchisees.