Definition, Meaning & Synonyms
franchise
noun
/ˈfræn.tʃaɪz/
Definition
A legal and commercial relationship between the owner of a trademark or brand and an individual or company that sells goods or services under that name.
Examples
- McDonald’s operates as a franchise, allowing individuals to open their own restaurants under the brand.
- The company’s franchise model has proven successful in various markets.
- He decided to invest in a franchise to leverage an established brand.
Meaning
Franchise refers to the right or license granted to an individual or group to market a company’s goods or services in a specific territory.
Synonyms
- license
- permit
- authorization
