franchise

franchise
A special privilege to do certain things conferred by government on individual or corporation, and which does not belong to citizens generally of common right; e.g., right granted to offer cable television service. Artesian Water Co. v. State, Dept. of Highways and Transp., Del.Super., 330 A.2d 432, 439.
In England it is defined to be a royal privilege in the hands of a subject. A privilege granted or sold, such as to use a name or to sell products or services. The right given by a manufacturer or supplier to a retailer to use his products and name on terms and conditions mutually agreed upon.
In its simplest terms, a franchise is a license from owner of a trademark or trade name permitting another to sell a product or service under that name or mark. More broadly stated, a "franchise" has evolved into an elaborate agreement under which the franchisee undertakes to conduct a business or sell a product or service in accordance with methods and procedures prescribed by the franchisor, and the franchisor undertakes to assist the franchisee through advertising, promotion and other advisory services. H & R Block, Inc. v. Lovelace, 208 Kan. 538, 493 P.2d 205, 211.
Term also refers to such business as owned by franchisee. State and Federal laws regulate business franchising.
See also charter
- exclusive franchise exclusive agency)
@ general franchise
@ special franchise
@ general and special franchise
General and special franchise.
The charter of a corporation is its "general" franchise, while a "special" franchise consists in any rights granted by the public to use property for a public use but with private profit.
@ sports franchise
As granted by a professional sports association, it is a privilege to field a team in a given geographic area under the auspices of the league that issues it. It is merely an incorporeal right.
@
Tax treatment.
A franchise is an agreement which gives the transferee the right to distribute, sell, or provide goods, services, or facilities, within a specified area. The cost of obtaining a franchise may be amortized over the life of the agreement. In general, a franchise is a capital asset and results in capital gain or loss if all significant powers, rights or continuing interests are transferred pursuant to the sale of a franchise
@ franchise agreement
Generally, an agreement between a supplier of a product or service or an owner of a desired trademark or copyright (franchisor), and a reseller (franchisee) under which the franchisee agrees to sell the franchisor's product or service or to do business under the franchisor's name. State and federal laws regulate the content of franchise agreements
@ franchise appurtenant to land
Usually a franchise is not regarded as real property or land and is not included in the term "tenement;" but it is sometimes characterized or classified as real property or as property of the nature of real property when exercised in connection with real property, and is, in terms, classified as real property, real estate, or land by some statutes
@ franchise clause
Provision in casualty insurance policy to the effect that the insurer will pay those claims only over a stated amount and that the insured is responsible for all damage under the agreed amount. This clause differs from a deductible provision in that the insured bears the loss in every claim up to the deductible amount whereas, under the franchise clause, once the claim exceeds the agreed amount, the insurer pays the entire claim
@

Black's law dictionary. . 1990.

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  • franchise — [ frɑ̃ʃiz ] n. f. • déb. XIIe; de 2. franc 1 ♦ Vx Liberté, indépendance. ♢ Anciennt Droit (privilège, immunité, etc.) limitant l autorité souveraine au profit d une ville, d un corps, d un individu. Charte, lettre de franchise (cf. Ville franche) …   Encyclopédie Universelle

  • franchisé — franchise [ frɑ̃ʃiz ] n. f. • déb. XIIe; de 2. franc 1 ♦ Vx Liberté, indépendance. ♢ Anciennt Droit (privilège, immunité, etc.) limitant l autorité souveraine au profit d une ville, d un corps, d un individu. Charte, lettre de franchise (cf.… …   Encyclopédie Universelle

  • Franchisé — Franchise (réseau commercial) Pour les articles homonymes, voir Franchise. La franchise est un accord commercial et juridique par lequel une entreprise appelée le franchiseur s engage à fournir à une seconde entreprise, dite franchisée, un savoir …   Wikipédia en Français

  • franchise — fran·chise / fran ˌchīz/ n [Anglo French, literally, freedom, liberty, from Middle French, from franchir to free, from Old French franc free] 1: a special right or privilege granted by the government to an individual, group, or business entity:… …   Law dictionary

  • franchise — Franchise, f. penac. Vient de Franc, et signifie liberté, Libertas, comme, Il a acquis franchise, E seruo liber factus est, Libertatem adeptus est. Il se prend aussi pour liberation d une debte. Selon ce on dit, Par laps de temps et negligence de …   Thresor de la langue françoyse

  • franchise — Franchise. s. f. Exemption, Immunité. La franchise des Eglises. joüir de la franchise d un lieu, d une ville. lieu de franchise. Il se dit aussi du Lieu mesme, & signifie, Asyle. On ne le sçauroit prendre en ce lieu là, c est une franchise. Il… …   Dictionnaire de l'Académie française

  • Franchise — generally means a right or privilege. It may refer to:*Suffrage, the civil right to vote *Franchising, a business method that involves licensing of trademarks and methods of doing business, such as: **Chain store, retail outlets which share a… …   Wikipedia

  • Franchise — (über das Englische von frz. franchise = Gebührenfreiheit) steht für: Franchising, ein Geschäftsmodell, vor allem im Einzelhandel und bei Dienstleistungsunternehmen Franchise (Medien), ein geistiges Eigentum im Bereich der Unterhaltungsmedien… …   Deutsch Wikipedia

  • franchise — ► NOUN 1) an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities. 2) a business or service granted such a franchise. 3) the right to vote in public elections. 4) N …   English terms dictionary

  • Franchise — Fran chise (? or ?; 277), n. [F., fr. franc, fem. franche, free. See {Frank}, a.] 1. Exemption from constraint or oppression; freedom; liberty. [Obs.] Spenser. [1913 Webster] 2. (LAw) A particular privilege conferred by grant from a sovereign or… …   The Collaborative International Dictionary of English

  • franchise — [fran′chīz΄] n. [ME < OFr < franc, free: see FRANK1] 1. Archaic freedom from some restriction, servitude, etc. 2. any special right, privilege, or exemption granted by the government, as to be a corporation, operate a public utility, etc. 3 …   English World dictionary

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