Franchising
/frænˈtʃaɪzɪŋ/
Definitions
- (n.) A legal and commercial arrangement whereby the franchisor grants the franchisee the right to use its trademark and business model under specific terms.
The franchisee entered into franchising agreements to operate multiple outlets under the brand name.
Forms
- franchise
- franchises
- franchised
Related terms
See also
Commentary
Franchising is primarily a contractual arrangement involving trademark licensing and business operation standards; clarity in defining rights and obligations in the franchise agreement is critical.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.