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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.
Franchisee-The operator or owner of a franchise. Franchise Resale â The process of buying a franchise that is already up and running. Franchisees sell on their franchise for a number of reasons; retirement, another business venture, moving overseas, have made their money etc.he other franchise method is Product and Trade Name Franchising. This type of franchising does not involve royalty fees. The most important thing that the franchisor provides to someone buying a franchise in Product and Trade Name Franchising is the product.