Another Word For Franchise

Meaning

The word "franchise" refers to a legal and commercial relationship between the owner of a trademark, trade name, or service mark (the franchisor) and an individual or company (the franchisee) that is allowed to operate a business under that brand. In simpler terms, when you buy a franchise, you are purchasing the right to sell goods or services using the established brand and business model of the franchisor. This arrangement often includes support with marketing, training, and operations, but it also requires the franchisee to follow specific rules laid out by the franchisor.

Synonyms

• Chain
• License
• Dealership
• Branch
• Affiliation

Antonyms

• Sole proprietorship
• Independent business
• Non-franchise

Etymology

The word "franchise" comes from the Old French term "franchise," meaning "freedom" or "privilege," which in turn comes from the Latin word "francus," meaning "free." The modern usage began in the early 20th century in the context of business rights.

Examples

1. Many entrepreneurs choose to invest in a franchise because it offers a proven business model and brand recognition.
2. The fast-food chain has expanded its locations through franchising, allowing owners to operate their restaurants independently under the same brand.
3. Before signing the franchise agreement, it's important to read all the terms and understand your obligations as a franchisee.