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fran·chise

ˈfranˌCHīz/

noun

1.
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

synonyms: warrant, charter, license, permit,authorization, permission,sanction, privilege

"the company lost its TV franchise"
2.
the right to vote.

verb

1.
grant a franchise to (an individual or group).

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2016 Top Franchises from Entrepreneur's Franchise 500 List

Entrepreneur › franchise500

Our 37th Annual Franchise 500 ranking reveals the impact of the newest trends and the industries poised for growth.

‎2016 Top Franchises from ...· ‎Top Low-Cost Franchises· ‎Jimmy John's Sandwiches

Franchising - Wikipedia

Wikipedia › wiki › Franchising

For the franchisor, the franchise is an alternative to building "chain stores" to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the success of the franchisees.

What is a Franchise | International Franchise Association

franchise.org › what-is-a-franchise

Franchising is a contractual relationship between a licensor (franchisor) and a licensee (franchisee) that allows the business owner to use the licensor's brand and method of doing business to distribute products or services to consumers.