Franchise Definition Us History

In old french it is franc signifying free.

Franchise definition us history. The french term francis means granting rights or power to a peasant or serf. The franchise business model has a storied history in the united states. A business granted such a right or license. A right to sell a company s products in a particular area using the company s name.

Until recently most articles about the history of franchising in the united states began with a claim that albert singer was the first commercial franchisor in the united states. The history and evolution of franchising. A brief history of the franchise. As it turns out john albert singer was only seven or eight years old when his father isaac merritt singer founded the i m.

Franchise definition a privilege of a public nature conferred on an individual group or company by a government. They gradually displaced the romans over time and their. How to use franchise in a sentence. Singer company in 1851 and at no time in its long history did the singer.

The word franchise is derived from the anglo french word meaning liberty in middle french it is franchir to free. The concept dates to the mid 19th century when two companies the mccormick harvesting. Most business historians date the beginning of franchising as a concept to the middle ages when feudal lords initiated the practice of selling to others the rights to collect taxes and operate markets on their behalf. Franchise definition is the right or license granted to an individual or group to market a company s goods or services in a particular territory.