23+ Franchise Definition Trik. A franchise is an authority that is given by an organization to someone, allowing them to. Franchise synonyms, franchise pronunciation, franchise translation, english dictionary definition of franchise.
A right to sell a company's products in a particular area using the company's name: The franchisee and franchisor can be natural or an artificial person. Operating model of a franchise business is simple.
Definitions for franchise ˈfræn tʃaɪzfran·chise.
Franchise definition | pros, cons, and examples. A franchise arrangement typically involves the granting by one party (the franchisor) to another. A franchise is a right granted by a government or corporation to an individual or group of individuals. While every franchise is a license, not every license is a franchise under the law.