franchise
Definition
A form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee.
 Cite this definition
Related Terms
royalty
'franchise
' appears in the definitions of these terms on BusinessDictionary.comuniform franchise offering circular (UFOC), chain-style business, franchising, product franchising, protected territory, and 
Related Research Articles from the InvestorGuide.com University
A Business Owner's Guide To Protecting Assets
Learn how qualified retirement plans, including IRAs and 401(k)s, can offer significant benefits to your business.
Choose the Right Small-Business Retirement Plan
Being self - employed doesn't mean you have to forego a retirement plan, read this article to learn how to set up a plan for your small business.
Financing Your Small Business - Writing a Business Plan
Writing a good business plan is the first step towards starting a business and securing financing, this article walks you through the process of creating one.
Featured Sponsor
|
