Franchising is the practice of the right to use a firm's business model and brand
for a prescribed period of time. The word "
the right to sell a company's goods or services in a particular area; also : a business that is given such a right. : the right to vote. sports : a team that is a member ...
In the 1930s, Howard Johnson Restaurants skyrocketed in popularity, paving the
way for restaurant chains and the subsequent
Franchising is a long-term cooperative relationship between two entities—a
franchisor and one or more
A privilege or right granted by law, especially the right to vote in the election of public officials. 2. A special privilege given by government to a corporation or an ...