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The legal definition of franchising in Spain is an activity in which an undertaking, the franchisor, grants to another party, the franchisee, for a specific market and in exchange for financial compensation (either direct, indirect or both), the right to exploit an owned system to commercialize products or services already exploited by the ...
Book cover images by franchise (35 C) 0–9. Book franchises introduced in 1968 ... Pages in category "Book franchises" The following 13 pages are in this category ...
A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation. [11] Franchising in the United States is widespread and is a major economic powerhouse. One out of twelve retail businesses in the United States are franchised and 8 million people are employed in a franchised business. [12]
A franchise agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule . [ 1 ]
In the United States, franchising is regulated by a complex web of franchise rules and franchising regulations consisting of the Federal Trade Commission Franchise Rule, state laws, and industry guidelines. [2] The most recent version of the FTC Franchise Rule was in 2007, is printed in FR 2007a, pp. 15544–15575.
Social franchising is the application of the principles of commercial franchising to promote social benefit rather than private profit. In the first sense, it refers to a contractual relationship wherein an independent coordinating organization (usually a non-governmental organization, but occasionally a governmental body or private company [2]) offers individual independent operators the ...
Franchise tag, a designation of a player in the US National Football League whose contract is soon to expire that binds them to the team for one year at an enhanced salary; Sports league franchise, or League franchise, a local or regional business franchising operation under a particular sporting league in activities such as pool, darts, etc.
Microfranchising is a business model that applies elements and concepts of traditional franchising to small businesses in the developing world. It refers to the systemization and replication of micro-enterprises. Microfranchising is broadly defined as small businesses that can easily be replicated by following proven marketing and operational ...