Public Franchise Definition

Franchise definition of franchise by the free.

Public franchise definition. A right to sell a company s products in a particular area using the company s name. The public streets and roads crisscrossing our cities and counties are the backbone of our transportation network but the utilities located in those linear corridors are just. Brandeis and boston merchant edward a. A franchisee is a small business owner that purchases the right to use an existing business s trademarks associated brands and other proprietary knowledge.

Its secretary from 1906 to 1913 was joseph bartlett eastman. A special privilege given by government to a. A franchise is basically a contract between a city or county and a public or private utility provider who needs the public rights of way rows to deliver its services. A business granted such a right or license.

Any other firms are prohibited by law from competing. 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. A franchise to operate a bus system. The public franchise league was a small informal group of high minded citizens backed by boston lawyer louis d.

A public franchise is created when a government restricts a market to a single firm which it appoints. Franchise definition a privilege of a public nature conferred on an individual group or company by a government. How to use franchise in a sentence. A privilege or right granted by law especially the right to vote in the election of public officials.

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. A franchise is a license that a party franchisee purchases that allows them access to use a business s franchisor proprietary knowledge processes and trademarks to sell products or provide. Where implemented a franchisor licenses its know how procedures intellectual property use of its business model brand and rights to sell its branded products and services to a franchisee in return the franchisee pays certain fees and agrees to comply with certain.