franchise
fran
ˈfræn
frān
chise
ˌʧaɪz
chaiz
British pronunciation
/ˈfrænˌʧaɪz/

Definition & Meaning of "franchise"in English

Franchise
01

a legal or contractual permission granted by a company to an individual or group, allowing them to market, sell, or distribute its products or services within a defined territory

example
Examples
The company granted him a franchise to operate in the northern region.
She applied for a franchise to sell luxury cosmetics in her city.
02

a legal entitlement given by a government, often referring to the right to participate in democratic processes such as voting

03

a commercial enterprise that functions under an agreement, using the branding, systems, and products of an established company

example
Examples
He purchased a franchise of a popular fast-food chain and opened his own restaurant.
The company offers franchise opportunities to entrepreneurs interested in starting their own business.
04

a set of related movies, novels, or other creative works that portray the same character or characters across multiple installments, often in different settings or situations, forming a unified narrative or brand

What is a "franchise"?

A franchise refers to a series of related films, TV shows, books, or other media products that are connected through common characters, settings, or themes. This series is often created by the same company or group and is built around a central concept or story that can be expanded into multiple installments. Franchises typically include sequels, prequels, spin-offs, and merchandise, and are designed to capitalize on the success of the original work by continuing to engage audiences with new content.

to franchise
01

to grant a legal or commercial right to a person or group, authorizing them to sell or distribute a company's goods or services under its brand in a specific area

example
Examples
The company plans to franchise its brand across several international markets.
They franchised the restaurant model to entrepreneurs in five states.
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