FRANCHISES Meaning and
Definition
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Franchises are business arrangements or agreements between two parties - the franchisor and the franchisee - whereby the franchisor grants the franchisee the rights to use its established brand name, trademark, or trade name, as well as its business system and intellectual property. In exchange for this right, the franchisee pays fees and royalties to the franchisor.
Franchises allow individuals or companies (franchisees) to replicate an already successful business model, often referred to as the parent company or franchisor. The franchisee is provided with extensive training, guidance, and ongoing support from the franchisor to ensure they adhere to the established standards and procedures of the brand. This assistance can cover various aspects such as marketing, operations, supply chain management, and financial systems.
Franchises can be found in various industries, including fast food, retail, hospitality, and service-based businesses. They offer individuals the opportunity to become entrepreneurs while benefiting from the established reputation, customer base, and experience of the parent company. By joining a franchise, individuals can mitigate some of the risks associated with starting a business independently and increase their chances of success.
Franchises typically operate under a legal contract, known as the franchise agreement, which outlines the rights and obligations of both the franchisor and franchisee. This agreement includes details on the duration of the franchise, territorial rights, financial obligations, quality control standards, and dispute resolution mechanisms.
In summary, franchises are business arrangements where the franchisor grants individuals or companies the rights to operate under their established brand in exchange for fees and ongoing support.
Top Common Misspellings for FRANCHISES *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for FRANCHISES
Etymology of FRANCHISES
The word "franchise" has a French origin. It derives from the Old French noun "franchise", which meant "freedom" or "exemption". This noun is derived from the Old French verb "franchir", meaning "to set free" or "to exempt". The verb itself can be broken down into "franc", meaning "free", and the suffix "-ir", which indicates the infinitive form of the verb. Over time, the term "franchise" extended its meaning to include the granting of certain rights or privileges by a government or authority to individuals or groups. In modern usage, "franchise" typically refers to a commercial arrangement or agreement in which the owner of a business grants others the right to operate under its brand name and sell its products or services.
Similar spelling words for FRANCHISES
- Fransisca,
- Francesca,
- franc-tireur,
- francophile,
- franchise tax,
- franchi,
- Francesco,
- French Kiss,
- frankness,
- Frankhouser,
- franciscan,
- francophil,
- Francene,
- Francis Ii,
- Francisco,
- Francis Bacon,
- frenchify,
- Francis,
- Franchesca,
- Francisca,
- Frances,
- Francis Drake,
- Francine,
- franzese,
- francese,
- French Lesson,
- frankish,
- frankincense,
- franchise,
- Francoise,
- franceschi,
- Francie,
- francophobe,
- Francis Crick,
- Francois,
- Francisella.
Conjugate verb Franchises
CONDITIONAL
I
would franchise
we
would franchise
you
would franchise
he/she/it
would franchise
they
would franchise
FUTURE
I
will franchise
we
will franchise
you
will franchise
he/she/it
will franchise
they
will franchise
FUTURE PERFECT
I
will have franchised
we
will have franchised
you
will have franchised
he/she/it
will have franchised
they
will have franchised
PAST
I
franchised
we
franchised
you
franchised
he/she/it
franchised
they
franchised
PAST PERFECT
I
had franchised
we
had franchised
you
had franchised
he/she/it
had franchised
they
had franchised
PRESENT
I
franchise
we
franchise
you
franchise
he/she/it
franchises
they
franchise
PRESENT PERFECT
I
have franchised
we
have franchised
you
have franchised
he/she/it
has franchised
they
have franchised
I
am franchising
we
are franchising
you
are franchising
he/she/it
is franchising
they
are franchising
I
was franchising
we
were franchising
you
were franchising
he/she/it
was franchising
they
were franchising
I
will be franchising
we
will be franchising
you
will be franchising
he/she/it
will be franchising
they
will be franchising
I
have been franchising
we
have been franchising
you
have been franchising
he/she/it
has been franchising
they
have been franchising
I
had been franchising
we
had been franchising
you
had been franchising
he/she/it
had been franchising
they
had been franchising
I
will have been franchising
we
will have been franchising
you
will have been franchising
he/she/it
will have been franchising
they
will have been franchising
I
would have franchised
we
would have franchised
you
would have franchised
he/she/it
would have franchised
they
would have franchised
I
would be franchising
we
would be franchising
you
would be franchising
he/she/it
would be franchising
they
would be franchising
I
would have been franchising
we
would have been franchising
you
would have been franchising
he/she/it
would have been franchising
they
would have been franchising
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