- Exemption from constraint or oppression; freedom;
liberty. - A particular privilege conferred by grant from a
sovereign or a government, and vested in individuals; an imunity or
exemption from ordinary jurisdiction; a constitutional or statutory
right or privilege, esp. the right to vote. - The district or jurisdiction to which a particular
privilege extends; the limits of an immunity; hence, an asylum or
sanctuary. - Magnanimity; generosity; liberality; frankness;
nobility.
2 . Franchise
[ v. t.]
- To make free; to enfranchise; to give liberty to.
Franchise Franchise refers to a contractual association between a manufacturer, wholesaler, or service organization (a franchisor) and independent business people (franchisees) who buy...
Franchise organization Franchise organization is a contractual vertical marketing system in which a channel member, called a franchisor, links several stages in the production-distribution process.
Franchisee Franchisee refers to an individual or firm that enters into a franchise agreement and pays an initial fee and an ongoing royalty to an franchisor in exchange for using...
Franchise agreement The franchise agreement, or contract, is the document that consummates the sale of a franchise. Franchise agreements vary, but each agreement typically contains tow sections...
Franchise disclosure document (FDD) The franchise disclosure document (FDD) is a lengthy document that contains 23 categories of information that give a prospective franchisee a broad base of information...
Sub franchisees The people who buy franchises from master franchisees are typically called sub franchisees.
Multiple-unit franchisee An individual, who owns and operates more than one outlet of the same franchisor, whether through an area or a master franchise agreement, is called a multiple-unit franchisee.
Master franchise agreement Master franchise agreement is similar to an area franchise agreement, but in addition to having the right to open and operate a specific number of locations in a particular area...
Area franchise agreement Area franchise agreement is an agreement that allows a franchisee to own and operate a specific number of outlets in a particular geographic area.
Individual franchise agreement Individual franchise agreement is the most common type of franchise agreement, which involves the sale of a single franchise for a specific location.