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Definitions from the Web

Franchise

Definition:

A franchise is a legal and commercial relationship between the owner of a trademark, brand, or trade name (franchisor) and an individual or group (franchisee) that is granted the right to operate a business using that trademark, brand, or trade name.

Senses:

Sense 1 (Noun):

A legal and commercial agreement where the franchisee is granted the right to conduct business under the franchisor's established brand, processes, and systems.

Example Sentences:

1. He decided to open a McDonald's franchise in his hometown.
2. The franchise offers a turnkey solution for entrepreneurs looking to start their own business.
3. This fast-food franchise has been a huge success worldwide.

Sense 2 (Verb):

To grant someone the right to operate a business under one's own established brand, processes, and systems.

Example Sentences:

1. The company decided to franchise their successful restaurant concept.
2. Many entrepreneurs aspire to franchise their business once it reaches a certain level of success.
3. Franchising can be a strategic growth strategy for established brands.

Possible Related Products:

• Franchise Business Books
• Franchise Opportunities
• Franchise Consulting Services