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Word Origin Middle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’ (see frank1). What does a franchise term mean? Definition of franchise.
Other articles from investopedia. From Cambridge English Corpus. The goal, in other words, is to ensure that the franchises remain interesting to audiences and economically profitable.
When the Dairy Queen company gives an investor permission to open a Dairy Queen store in his own home town, this is an example of a franchise.
In other words, a franchise is the right to produce a licensed product by the owner of the license. In this contact, the franchisee pays the franchiser for the right to use the licensed material. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6. (more…)