franchisefran·chise1 /ˈfræntʃaɪz/ noun [countableC]COMMERCE1an arrangement in which a company gives a business the right to sell its goods or services in return for a fee or a share of the profitsWe operate all of our stores under afranchise.
Disputes in the franchise industry typically involve such issues as contract termination, unpaid fees and territorial rights.
→ master franchise2a particular shop, restaurant etc that is run under a franchise, or a company that owns a number of theseThe franchise, with 10 dealerships in suburban Chicago, sold just 50 vehicles in December.