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1. (Government, Politics & Diplomacy) the franchise the right to vote, esp for representatives in a legislative body; suffrage. 2. (Government, Politics & Diplomacy) any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business. 3. (Commerce) commerce authorization granted by a manufacturing enterprise to a distributor to market the manufacturer's products.
A franchise is the right to market or sell goods or services under the trademarked name, or patented process, of an established business. A franchise agreement is a legal contract between the business, called the franchisor, and the purchaser of the franchise, called the franchisee. The franchisee purchases the right to market and sell the items under the trademarked name of the franchisor.