What does franchise mean? A right or privilege officially granted to a person, a group of people, or a company by a government. Meaning of Franchise. Under a franchise , the two parties generally enter into a Franchise Agreement.
This agreement allows the franchise to use the franchisor’s brand name and sell its products or services.
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In return, the franchisee pays a fee to the franchisor. Tamil Translations of Franchise. The franchisee may sell these products and services by operating as a branch of the parent company. The word franchise is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb.
For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or chain stores. Found sentences matching phrase franchise. Eden TV – Business 40views.
The British Franchise Association has launched the bfa HSBC Franchisee of the Year Awards – with several new categories.
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. Franchise definition, a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system. Find the best Franchise price! 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 and managing.
They already have more than 1physical outlets across cities in India. A minimum investment of Rs. Basically, the franchise is a comparatively better approach for the beginners.
Additionally, a franchise business helps an aspiring individual to taste the entrepreneurial journey with low-risk (capital investment). Here in this list, we have provided franchise opportunities that come with both low-cost and high investment. Franchise Singapore – iFranchise Singapore has a lot of information about the cost of the franchise business and the person in charge. In this post, I showed you popular Singaporean franchises.
I hope that you are now better informed about the franchise businesses that are available to you. A Franchise Agreement, also sometimes called a Business Franchise Agreement, is a document between two main parties, the party that will be franchising out their already well-developed business model, called the franchisor, and the party that will be agreeing to certain terms and conditions in order to create their own franchised business based on that business model. It has preserved several ancient features, remaining more consistent with the literary norm, while at the same time developing a few innovations.
While still out to destroy the evil Umbrella Corporation, Alice joins a group of survivors living in a prison surrounded by the infected who also want to relocate to the mysterious but supposedly unharmed safe haven known only as Arcadia.
Definition of franchise in the Definitions. Information and translations of franchise in the most comprehensive dictionary definitions resource on the web. View US franchises offering opportunities in Ghana and grow a successful business within a profitable industry. Franchise Direct allows franchisors to connect with prospective franchisees worldwide. Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications.
After the show, they adopted a franchise business model, and began expanding Cinnaholic locations across the U. Shannon and Florian believe that everyone has the power to make a positive change in this world. Learn more about the Cinnaholic mission, and why our products are 1 vegan. A privilege or right granted by law, especially the right to vote in the election of public officials.
A special privilege given by. CADD Centre is ranked amongst top 1franchise opportunities in India. A quo warranto is a legal procedure that is filed against someone who usurps, intrudes into, or unlawfully holds or exercises a public office, position or franchise , according. You may only do lookups using English words in this dictionary.
How do I listen to the pronunciation of a word? Chennai Super Kings, a franchise based out of Chennai is the most successful team in the Indian Premier League.