Franchise
Legal Definition and Related Resources of Franchise
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Franchise
In commercial usage , the term denotes some right , privilege , license or monopoly granted to a person called the franchise holder to enable him to carry on some business. It is, in this context, created by contract between parties. Originally, it meant a royal privilege or branch of King's prerogative subsisting in the hands of a subject. These included such rights as the right to be incorporated; to hold a fair or market; the right to take tolls at bridges, wharfs, etc.
Franchise Alternative Definition
A special privilege conferred by government on individuals, and which does not belong to the citizens of the country generally by common right. Ansell & A. Corp. § 4. A particular privilege conferred by grant from government, and vested in individuals. 3 Kent, Comm. 458. A branch of the king's prerogative subsisting in the hands of a subject. Finch, Law, lib. 2, c. 14; 2 Sharswood, Bl. Comm. 37. In a popular sense, the word seems to be synonymous with "right" or "privilege"; as, the elective franchise. And it is commonly applied to those powers exercised by virtue of a grant of privilege. "To be a corporation is a franchise. The various powers conferred on corporations are franchises. The execution of a policy of insurance by an insurance company, and the issuance of a bank note by an incorporated bank, are franchises." 15 Johns. (N. Y.) 387. "The term [franchise] must be always considered in connection with the corporation or property to which it is supposed to appertain." 93 U. S. 223.
Synonyms of Franchise
(License), noun
allowance
assent
authorization
charter
concession
consent
dispensation
droit
exemption
favor
grace
grant
immunity
indulgence
leave
monopoly
pass
permission
permit
prerogative
privilege
recognition
right
sanction
sufferance
tolerance Associated Concepts: corporate franchise
federal franchise
franchise tax
grant of a franchise
irrevocable franchise
license
municipal franchise
perpetual franchises
personal franchise
public franchise
secondary franchise
special franchise
(Right to vote), noun
ballot
choice
discretion
enfranchisement
freedom of choice
liberty of choice
liberty to vote
option
prerogative
privilege
right of choice
right of representation
suffrage
vote
voting power
Related Entries of Franchise in the Lawi Project
Browse or run a search for Franchise in the legal resources (including dictionaries and American law definitions), the Asian legal platform, the European law platform, the British legal resources or the Latin American and Spanish platform and publications (Lawi) about law in the world.
Franchise in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Franchise in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Certificate Of Stock, Disfranchise, Disturbance, Indirect Tax, Liberty, Qualify, Quo Warranto, Reform Acts.
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Franchise in the Dictionary: Franchise in our legal dictionaries
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Notice
This definition of Franchise is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
Vocabularies (Semantic Web Information)
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Topic Tree: A topic display format, showing the hierarchy
Sitemap Index: Sitemap Index, including Taxonomies
https://dictionarylaw.substack.com/p/franchise/: The URI of Franchise (more about URIs)
Franchise in Law Enforcement
Main Entry: Law Enforcement in the Legal Dic tionary. This section provides, in the context of Law Enforcement, a partial definition of franchise.
Grammar
This term is a noun.
Etimology of Franchise
(You may find franchise at the world legal encyclopedia and the etimology of more terms).
c. 1300, fraunchise, "a special right or privilege (by grant of a sovereign or government);" also "national sovereignty; nobility of character, generosity; the king's authority; the collective rights claimed by a people or town or religious institution," also used of the state of Adam and Eve before the Fall, from Old French franchise "freedom, exemption; right, privilege" (12c.), from variant stem of franc "free" (see frank (adj.)). From late 14c. as "freedom; not being in servitude; social status of a freeman;" early 15c. as "citizenship, membership in a community or town; membership in a craft or guild." The "special right" sense narrowed 18c. to "particular legal privilege," then "right to vote" (1790). From mid-15c. as "right to buy or sell," also "right to exclude others from buying or selling, a monopoly;" meaning "authorization by a company to sell its products or services" is from 1959.
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See Also
Law Enforcement Officer
Police Work
Law Enforcement Agency
Further Reading
English Legal System: Franchise
In the context of the English law, A Dictionary of Law provides the following legal concept of Franchise:
1. (in constitutional law) A special right conferred by the Crown on a subject. Also known as a liberty, it is exemplified by the right to hold a market or fair or to run a ferry.
2. (in constitutional law) The right to vote at an electio To qualify to vote at a parliamentary or local-government election, a person must be a *commonwealth citizen or a citizen of the Republic of Ireland, must be aged 18 or over, must be shown on the register of electors governing the election (See elector) as resident on the qualifying date in the parliamentary constituency or local government area concerned, and must not be subject to any legal incapacity to vote. Those incapacitated are peers and peeresses in their own right (for parliamentary elections only, and not including peers of Ireland), persons serving sentences of imprisonment, persons convicted during the preceding five years of certain offences relating to elections or to the bribery of public officials, and persons who are incapable of understanding the nature of their acts.
3. (in commercial law) A licence given to a manufacturer, distributor, trader, etc., to enable them to manufacture or sell a named product or service in a particular area for a stated period. The holder of the licence (franchisee) usually pays the grantor of the licence (franchisor) a royalty on sales, often with a lump sum as an advance against royalties. The franchisor may also supply the franchisee with a brand identity as well as finance and technical expertise. Franchises are common in the fast -food business, petrol stations, travel agents, etc. A franchise contract in the EU must comply with regulation 4087/88, which sets out which provisions are permitted and which are banned under EU *competition law.
Franchise Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Franchise in a way that is easy for anybody to understand: Legal arrangement whereby the owner of a trade name, franchisor, contracts with a party that wants to use the name on a non-exclusive basis to sell goods or services, franchisee. Frequently, the franchise agreement grants strict supervisory powers to the franchisor over the franchisee which, nevertheless, is an independent business.
Concept of Franchise in the context of Real Property
Alternatives definitions of Franchise: (1) A statutory right which could not be exercised in the absence of the statute, such as the statutes enabling persons to form a corporation. Since a corporation is created by the statute, it could not be formed except by the grant of the legislature. (2) A combination of individual ownership and central control. One may own a fast food restaurant, hotel, hardware store, etc., yet use the name of a national company. Each individual owner pays for the name use, advertising, and may be required to make certain purchases (napkins, buns, etc.) from the national company. The individual benefits from the name and advertising. The real estate brokerage business was slow to use the franchise method, but now has many companies operating in this manner.
Concept of Franchise in the context of Real Property
Alternatives definitions of Franchise: (1) A statutory right which could not be exercised in the absence of the statute, such as the statutes enabling persons to form a corporation. Since a corporation is created by the statute, it could not be formed except by the grant of the legislature. (2) A combination of individual ownership and central control. One may own a fast food restaurant, hotel, hardware store, etc., yet use the name of a national company. Each individual owner pays for the name use, advertising, and may be required to make certain purchases (napkins, buns, etc.) from the national company. The individual benefits from the name and advertising. The real estate brokerage business was slow to use the franchise method, but now has many companies operating in this manner.
What is the meaning of Franchise?
A definition of Franchise is provided here: The right to use a specific business ™s name and sell its products or services in a given territory.