franchising

n. granting of a franchise; granting of an immunity or exemption

v. grant a franchise to an individual or group; grant the right to vote

Franchising (from the French for honesty or freedom) is a method of doing business wherein a "franchisor" licenses proven methods of doing business to a "franchisee" in exchange for a recurring payment, fees and a percentage of sales or profits. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor, and may indeed be required by the franchisor, which generally requires audited books, and may subject the franchisee or the outlet to periodic and surprise spot checks. Failure of such tests typically involve non-renewal or cancellation of franchise rights.
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Noun
1. an authorization to sell a company's goods or services in a particular place
(hypernym) concession, grant
2. a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
(synonym) dealership
(hypernym) business, concern, business concern, business organization, business organisation
3. a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
(synonym) enfranchisement
(hypernym) legal right
(hyponym) right to vote, vote, suffrage
(classification) law, jurisprudence
Verb
1. grant a franchise to
(hypernym) license, licence, certify
(derivation) dealership
(classification) commerce, commercialism, mercantilism

n. franchising, granting of a franchise (Commercial)

n. franchising, granting of a franchise; granting of an immunity or exemption