franchise Definition

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.

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franchise is ...
... part of the Business subject.

... #94 on our list of the most popular terms.

... an essential investing term.

Related Terms

royalty - More

intangible asset - More

franchise appears in these other terms

franchise tax, franchised monopoly

franchise appears in the definitions of these other terms on BusinessDictionary.com

uniform franchise offering circular (UFOC), chain-style business, franchising, protected territory, business expansion, and